The US real estate market is friendly towards international buyers. New York condominiums are the most popular choices among international buyers. Since purchasing co-ops and other special types of housing requires buyers to show US tax returns, these options are more challenging for foreigners. International buyers can purchase a co-op property but it involves a more challenging process than buying a condominium. Condominiums have minimum restrictions regarding use or ownership. Part-time residence (pied-a-terre's), as well as rental arrangements, are permitted under condo regulations. Even though condos are priced higher than co-ops, they make up for the difference in convenience and flexibility. Since it is so easy to buy or sell a New York condo, more international buyers are eager to experience life in a Manhattan condominium.
Call or email me so we can discuss details of affordability, amenities and the location where you wish to purchase an apartment in New York.
Halstead Property LLC