Business
4:02 am
Tue November 5, 2013

Billionaires Find New York Real Estate A Bargain

Originally published on Tue November 5, 2013 6:22 am

Luxury property in the Big Apple goes for an average of around $2,000 a square foot. Much cheaper than comparable apartments in London at nearly $10,000 a square foot or $8,800 in Hong Kong. But The New York Times reports with the wealthy flocking to Manhattan, prices are going up.