Updated On
08/25/08 at 07:57AM
Developers attract more foreign buyers
As Wall Street layoffs mount, New York City developers are trying to attract more foreign buyers to support the housing market. The Moinian Group is increasing its advertising in Korean and Italian publications to bring in buyers for an apartment building, where already a quarter of sales has gone to foreign buyers. Donald Trump Jr. and Ivanka Trump recently held a press event reaching out to British buyers for their Soho Hotel project, and 10 percent of the units so far have sold to Britons.
A d v e r t i s e m e n t s
Comments
Anonymous
The foreigners will save us!!
Come on, foreigners, give us your dumb money!!
Signed,
Catch My Falling Knife
Comment #1 Posted By: Anonymous 08/25/08
Anonymous
According from numbers by Brown Harris Stevens, its 20% of their buyers.
Comment #2 Posted By: Anonymous 08/25/08
Anonymous
this country was built on foreigners dont for get it,
Comment #3 Posted By: Anonymous 08/25/08
Anonymous
Right, except the foreigners who built this country moved here.
They weren't just looking for a place to park their euros.
Don't "for get" that.
Comment #4 Posted By: Anonymous 08/26/08
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