Business

Billionaires Find New York Real Estate A Bargain

NPR | Nov. 5, 2013 3:22 a.m. | Updated: Nov. 5, 2013 9 a.m.

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.

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