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New York: prices reduction is not expected

April 27th, 2009

New York has been based as trading settlement Dutch East India Company in 1624: Manhattan was then bought at Indians, living on the island. Till 1664 the settlement was called as New Amsterdam, then the colony has passed to British, and the city has received the modern name. Since 1790 it has become already the biggest city of the country.
Gone through much for the history, New York is, certainly, the most popular city of the USA. As though confirming the idea of modern Babylon, New York citizens speak in 170 languages. Perhaps, thanks to mixture of different national cultures many modern trends, such as an abstract expressionism in painting, hip-hop, salsa and disco have appeared.
However, Wall Street and Financial District with their stock exchanges and other financial enterprises and prices for real estate is the main thing on which cities well-being depends. Here indexes, defining health both of New York, and prices for real estate are calculated: NYSE, NASDAQ, AMEX, NYMEX and NYBOT.
The bank capital of the world where enormous oil capitals and money resources from other sources address, necessarily corresponds to the highest standards: New York - is one of the most expensive cities of the world. While all America sustains notable losses in the real estate market, here rise in prices is observed.
We will cite as an example of small, 37 sq. m flat on Manhattan, in the neighborhood with well-known Central Park: in 2003 it cost EU299 070, in 2008 - EU 482 000 (the prices are resulted taking into account a course difference between currencies in 2003 and in 2009).

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