City Guide: new york

New York, also known as the Big Apple his famous for its skyscrapers, fast-moving lifestyle, a yellow taxis, big-business and Broadway. Today it has one of the largest populations in America of just over 19 million. Of this 19 million, there is a huge mix of ethnic groups including African American, Italian, Irish, English and German. Yet 500 years ago the island was virtually uninhabited, until the Dutch inhabited the island of New York around 1600. The Dutch were closely followed by the English who named the city after the Duke of York, calling it New York. Hence New York has a rich colonial character and history and this is reflected in its constitution, drafted by John Jay. During the 19th century a series of canals were built to facilitate trade and transportation… this in turn encouraged settlement and commerce as a business thrived.

Today the economy of New York is incredibly important to the United States as a whole and as many global corporations have headquarters in the City in addition major institutions like the New York Stock Exchange and other central bodies are located on Wall Street, the traditional home of the US stock market. In addition, to financial services headquarters, that it is also a traditional manufacturer sector producing a range of goods including food, minerals, diamonds and car parts. The economic performance of New York is also stimulated through political decision-making - the New York assembly and senate is usually divided along party lines and hence implementation of policy has been troublesome.

Property real-estate prices in New York are some of the highest in the world due to the restricted space available as a harbour. By the early 19th century, developers had to start building upwards due to the lack of space. This created the beginnings of the world's most famous skyscraper skyline. Buildings like there New York Tribune and there Equitable Building created a trend that has continued to this day. Other notable famous tall buildings include the Empire state building, Chrysler building, 70 Pine Street, 40 Wall Street, Citigroup Center, Trump Tower, GE Building and Chase Manhattan Plaza. The New York real-estate market has recently seen falls in previously high-growth areas as speculators have pushed prices beyond the means of borrowing multiples for the average investor, in certain areas.

Getting around New York can become difficult due to heavy traffic congestion. The subway is one of the oldest and efficient in the USA, carrying approximately 4 million people per day during a normal weekday. However, the Hudson river and canals add to the natural difficulties of population commuting into the main commercial and financial districts. Yellow cabs are now being supplemented with the introduction of rickshaw bikes similar to those used in Asia to combat the growing congestion problem and provide at the fast way through the traffic. Amazingly most New York was still use their cars to get to and from work, despite the obvious problems of congestion.



On this page you will find details of property for sale, rental accommodation, shared housing in new york.