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Online Guides Shows it's Easy for Foreigners to Invest in Manhattan Real Estate

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Online Guides Shows it's Easy for Foreigners to Invest in Manhattan Real Estate PR Newswire NEW YORK, September 7, 2012 NEW YORK, September 7, 2012 /PRNewswire/ -- Buying real estate in Manhattan is easier than foreign investors realize, according to Manhattan Miami Real Estate.

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Online Guides Shows it's Easy for Foreigners to Invest in Manhattan Real Estate
PR Newswire NEW YORK, September 7, 2012
NEW YORK,September 7, 2012/PRNewswire/ --Buying real estate inManhattanis easier than foreign investors realize, according to Manhattan Miami Real Estate. The real estate agent has produced a series of online guides to aid foreign buyers and empower them to invest in NYC luxury property which continues to see steady price increases. Many foreign investors raise questions about whether it is even possible to buy property in the US and what the tax implications may be. However, there are often simple answers such as recommending a condo over a cooperative or that overseas investors are subject to the same taxes as US residents when purchasing real estate. Some of the most frequently asked questions by overseas buyers are: 1. Cana foreigner buy property in the US? 2. Whenbuying/selling a property inNew York City, what taxes does a foreigner need to pay? 3. Whatis FIRPTA?
The answers to these questions and the information potential investors need to know before buying real estate inManhattan, are answered by Miami Manhattan Release Estate in their easy to understand FAQs. Ricardo Mello, Co-Founder of Manhattan Miami Real Estate says "Foreign interest in US real estate, particularlyManhattan, is growing and we're finding that there are a significant number of investors who think it's much more complex to invest than it actually is.So we've taken steps to answer the most common questions to equip potential investors with the answers they need. "Together with our personalised service, these FAQs about the practicalities of buying enable foreigners to take the next step of investing in luxury real estate inManhattan, which is currently seeing steady growth in prices and demand. "Manhattandraws foreign investors from across the globe. With luxury property in NYC currently around half the price of other world class cities likeLondonor Paris, we want to show overseas investors just how easy it is to purchase real estate inNew York." The current global economic turmoil, the ongoing eurozone crisis, low returns on other forms of investment and the US dollar in a six-year slump are widely reported as being the drivers of foreign buyers' interest in American real estate. In response to increasing international investor interest inManhattanluxury real estate, Manhattan Miami Real Estate has launched new websites for French, Chinese, Korean and Portuguese audiences. To find out more about the FAQs and online guides, and latest developments and opportunities in the luxury real estate markets ofManhattan&Miami, visit www.manhattanmiami.com Meet with us inHong Kongduring 12th -14th September 2012at the InterContinental Hong Kong, 18 Salisbury Road,Kowloon, Hong Kong SAR.
Please book a meeting at: +1-917-250-3180 or email us at rmello@manhattanmiami.com