GCC investors return to the Manhattan real estate market

IP Global, a property firm, states that GCC investors are returning to Manhattan buoyed by strong yield opportunity and a low cost of funds

According to the firm, Manhattan has traditionally been a desirable market for property investment for both expats and GCC nationals, looking to acquire 'trophy assets' in the largest city in the USA. Such appetite was been weakened by the global crisis in recent years, but is now returning. At present, foreign buyers make up 15% to 20% of all home sales in Manhattan

To see a list of property investors from the Middle East check our Middle East Investors Directory

More details follows