SOURCE: The Deanna Kory Team

November 26, 2008 11:17 ET

Manhattan Real Estate Shifts to a Buyer's Market

A Golden Opportunity for Foreign Investors

NEW YORK, NY--(Marketwire - November 26, 2008) - Deanna Kory, a top real estate broker in New York City and Senior Vice President at Corcoran Group Real Estate, said; "This may well be the best time to buy a residential property in New York City." Ms. Kory offers her clients and interested buyers abroad advice on how to navigate through this current residential market. "It is definitely a prime time for people outside of New York to take advantage of the softening of the market for buyers, "When the market is in transition, historically it is a good time to buy", says Deanna. "Unlike the past few years sellers are willing to negotiate but once people start buying the law of supply and demand sets in and prices increase. So now could be one of the best times to take advantage of a soft market."

Deanna's 25 years of experience and professionalism in residential sales earned her respect among her peers and her clients. She is often asked for her expert opinion on the market and related real estate issues. When asked why now is the time to stake claim in a piece of New York City, Deanna responded "# 1, Sellers are selling due to economic downturn and prime properties in great locations are coming on the market at much lower prices, #2) buying in Manhattan is a great investment especially in the current market; #3) residential properties in New York are known to increase in price disproportionately compared to other locations in the U.S. and lastly, New York remains the world's capital and everybody wants to own a piece of the City."

Deanna and her team have a huge exclusive inventory of prime luxury properties on the market. She and her team know how to assist foreign buyers and have a keen understanding of Middle Eastern culture and needs. They also have advance knowledge of new and coveted inventory through their exceptional relationships within the industry.

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