This flagship city on the American East Coast remains one of the main international destinations for wealthy families and investors in 2025. Trends and generations may come and go, but New York remains iconic, making it a reliable long-term real estate investment.
New York’s resilience is legendary, as it has always managed to rebound in record time, which explains why it continues to attract affluent buyers. Music, design, gastronomy… New York sets the tone in a range of sectors.
New York’s Most Popular Neighborhoods
In recent years, Hudson Yards’ supremacy has appeared to weaken, with a significant drop in sales in this enclave, which is almost entirely composed of new developments. The gradual slowdown in the New York property market seems to have had a more noticeable impact here, and rumor has it that discounts have even reached double digits.
At the same time, as is often the case during a market downturn, areas with historically high demand are once again on the rise, such as SoHo and Tribeca. These locations have reclaimed the top two spots in the rankings, with a median sale price of around $4 million, followed by their closest neighbor, Hudson Square.
In Brooklyn, the trendiest districts in 2025 remain Cobble Hill, DUMBO, and Carroll Gardens, along with Boerum Hill and Brooklyn Heights.
Most Sought-After Real Estate Properties in 2025
Floor-through apartments and townhouses are the properties most in demand among families who want to be close to reputable schools, restaurants, shops, and cultural centers.
Affluent singles and young couples prefer small apartments with a view, while wealthy buyers favor stunning townhouses and penthouses with luxury amenities, including a 24/7 concierge service.
It is also interesting to note the growing disenchantment with co-ops due to their often strict internal rules, deemed increasingly obsolete.
New York Real Estate Clientele
BARNES New York has noticed the return of a central element in the city’s ecosystem: wealthy foreign buyers. This is significant, as foreign buyers have underpinned Manhattan’s high-end residential property market for decades.
International clients are flooding back to New York in 2025, especially buyers from Canada, Taiwan, Hong Kong, Singapore, Japan, and the UK.
Trends and Opportunities for 2025
With the presidential election behind us, assuming a stable domestic and international political climate, and official interest rates on a downward trend since early autumn 2024, BARNES New York expects the market to rebound somewhat by spring 2025.
In other words, buying opportunities will remain concentrated at the start of the year, while sellers will be in an excellent position from March onwards.
Summary for Early 2025
• New York’s real estate market is showing signs of recovery despite global political instability.
• Interest rates remain high at approximately 7%, with no recent declines.
• Inventory is rising as demand rebounds following the election, both domestically and internationally.
• Market prices remain stable but are expected to soon shift in favor of sellers.
• New developments are becoming more attractive due to the slowdown in construction.
• Increasing payment defaults in the multifamily and commercial sectors are opening up new opportunities for investors.
If you’re seeking a luxury real estate company in New York, explore BARNES New York to discover the luxury homes, condos, and apartments we offer across the state.
Source: BARNES GLOBAL PROPERTY HANDBOOK 2025
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