Other firms, like Corcoran and Prudential Douglas Elliman, are also riding the wave of New York City's record luxury condo prices.
Attributed partially to the weakening dollar and the strengthening euro, pound and peso, sales are further bolstered by the multiplicity of property choices New York City has to offer foreigners. "Anything you want is being built, and much of what will be sold over the next few months doesn't even exist yet," Sloane adds. And one of the most sought-after real estate options, historically renovated condos, have carved out a comfy niche in the city's foreign-buyer market. Americans are not as secure in their jobs, and company bonuses, which drive the real estate market from Dec. 1 to March 15, are declining, says Sloane. "People in general are reticent about over investing in anything." Yet Sloane's phones have been ringing loudly and frequently with prospective buyers from India, Ireland, Latin America and increasingly Canada, looking for historic condos. So why are foreigners so interested in getting a piece of U.S. history? Most buyers seek out the grand high ceilings, breezy spaces and cozy fireplaces they can't find in modern condo developments. Co-ops typically offer these features, but many foreigners and a newer, increasingly international Wall St. generation want timeless charm combined with a quick exit strategy and no housing board to deal with. "For many foreigners, their only assets