Foreign Real Estate Investors in New York

"According to AnneMarie Alexander, director of sales and marketing for HJ Development, LLC, in Manhattan, Europeans are buying up Manhattan real estate, largely because it is “on sale.” With a weak dollar and a strong Euro, they can get their own piece of Manhattan for about “50 percent off.”"

"According to Rohan Marwaha, managing director of Cityscape, an investment concern focusing on facilitating foreign investment in U.S. market"

"“It’s across the board,” says Carol E. Levy, broker and owner of the eponymous Carol E. Levy Real Estate. “French, Italians, Hungarians, Brazilians—from all over.”"

"Dolly Lenz, vice chairman of Prudential Douglas Elliman and perennial leader in high-end sales, notes the cities where sales are made: “Hong Kong, Singapore, Beijing, London. London winds up being a catch-all."

Unless of course you ask the foreigners themselves: "Interestingly, the foreign investors themselves disagree. Jim Fetgatter, the chief executive officer of AFIRE reports that in their recent survey, members reported that the weak dollar was not a major factor in their investment decision."

Well-known author, too: "Greg Olear is a freelance writer and a frequent contributor to The Cooperator."

Let me refer you to this 2006 tome: "Why the Real Estate Boom Will Not Bust - And How You Can Profit from It: How to Build Wealth in Today's Expanding Real Estate Market"

By the former chief economist of the National Association of Realtors.

http://www.amazon.com/Real-Estate-Boom-Will-Bust/dp/0385514352/ref=pd_bbs_1?ie=UTF8&s=books&qid=1217976190&sr=8-1

Know your sources.

Yup, I believe every article planted by every sales and marketing executive of every real estate company in the world.