Postcard from... New York
It’s tough to be neighbourly when you live in a place like Manhattan. Just the people living on my block would make for a decent-sized town on the high plains. Still, I will be sure to make a habit of waving in the direction of one home I walk by each day on my way to work. Morning Rupert, hope all is well. If you can see me.
Of course the whole point of Rupert Murdoch shelling out almost $51m (£31m) for the top four floors of the elegant One Madison tower that pierces the sky on the south side of Madison Square Park is that he won’t be able to see me or anyone else from that altitude. He will be 60 floors up. And, far more importantly, no one will be able to see him.
If that seems a lot of money, by the way, it is. He actually paid roughly $41m for the triplex that crowns the building and the rest went on another full-floor apartment beneath it. It was one of only two home sales in Manhattan in the first quarter to break the $50m barrier, both helping to drive a new home sales boom.
So far this year, the average price for an apartment on the island has risen 19 per cent to $972,428, according to figures released yesterday. That means the market has now risen above where it was in 2008 before the great recession. There are signs meanwhile that native New Yorkers are being priced out of their own town. Another interesting recent statistic: about half of the buyers in new luxury developments are coming from overseas.
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- 2 Downfall of Dustin 'Screech' Diamond, the 'Saved By The Bell' star charged with bar stabbing
- 3 The 'Black Museum': After 150 years, public set to see exhibits from police’s grisly crime museum
- 5 Sir Winston Churchill’s family begged him not to convert to Islam, letter reveals
President of Argentina adopts Jewish godson to 'stop him turning into a werewolf'
Downfall of Dustin 'Screech' Diamond, the 'Saved By The Bell' star charged with bar stabbing
Syrian teenager Usaid Barho reveals how he escaped from Isis using a suicide vest
Sir Winston Churchill’s family begged him not to convert to Islam, letter reveals
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British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
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Germany anti-Islam protests: 17,000 march on Dresden against 'Islamification of the West'
Nigel Farage: Ukip leader named 'Briton of the year' by The Times
Douglas Carswell tells Ukip to stop blaming foreigners as youth poll shows Nigel Farage is even less popular than Nick Clegg
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