By Ali Montag
The never-ending quest for the perfect apartment in New York City
could be getting that much tougher, new data suggests, thanks to new
competition for scarce supply from other parts of the world—and one
surprising country in particular.
Newly released figures from
TripleMint, a residential real estate start-up based in New York, points
to a shift in the countries most interested in buying into the city's
active housing market, which attracts more than its fair share of
domestic and international buyers and remains one of the world's
priciest.
Over the course of 2015 and
2016, the company tracked the location of visitors on its website
hunting for housing, ranking countries by a percentage of total foreign
searches for that year, and compared the results. It found the biggest
mover was Russia, which jumped from #20 on their top searchers list in
2015, to #2 last year, landing just behind the United Kingdom.
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Source: CNBC (via The Empire Report)
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