Anyone who thinks that the European real estate markets are overheated or that the European online housing portals are the latest craze will be surprised by the development in New York.
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In New York, it often takes barely an hour after an advertisement appears on a corresponding app to establish contact with the provider. (Image: Stephanie Keith / Reuters)
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Anyone who thinks the Zurich real estate market is overheated, in Germany the prices in cities like Munich, Frankfurt or Berlin are unbelievably high or the European online housing portals are the very latest craze has never looked around the real estate market in New York. The one-room apartment there in the shadow of the famous Manhattan skyline costs a little more than $ 3,000 a month on average, and rents in the more desirable neighborhoods of Brooklyn are not far behind. In the US, only the apartments in San Francisco are more expensive. This is remarkable, after all, the average American would have to put a good 80 percent of his income on the scales to be able to afford an apartment in the Big Apple.
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