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NEW YORK CITY—While real estate, at least before the 2008 recession, had been generally considered a prudent investment, this maxim seems to still hold true in some core market cities – particularly in New York where real estate values were relatively less affected by the downturn and have been generally quicker to rebound. Word of the resiliency of New York City real estate has spread across the globe like wildfire, leading to a substantial influx of foreign investors driving the market and changing the landscape of the city.


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