Manhattan is the posh area of the New York City where everything is found. All the Manhattan apartments are full of all the luxuries and amenities. The apartments are decorated according to the latest trends. When a person enters the beautiful New York City, he/she has a dream of living in one of the best apartments in Manhattan where they can get everything they want. But the prices of these apartments are so high that the dreams of these persons remain unfulfilled. This article is all about the high rent prices of the Manhattan apartments.
According to the reports, the prices of the Manhattan Apartments are increasing every year. Every year the old records are broken. Average price of an apartment in Manhattan is around $1.7 millions. There are numbers of apartments in the New York City but compared to the prices of all other apartments, apartments in Manhattan are bit higher. But the truth is that, with the increase in the price the sales is decreasing every year.
In the first quarter, many apartments were sold for about $10 millions. This is a very surprising figure but after that the figure seems to be reducing in the subsequent quarters due to the sky high prices of these apartments.
Therefore we can say that getting a suitable apartment in the Manhattan area is really difficult for the common person. The prices are so high that dreaming is also not possible for the common mass. This is the main problem with the Manhattan apartments in the New York City.