The new trend of real estate, ruined houses for a market in crisis |
They are called fixer-upper, more commonly slums, houses in poor condition sometimes to be rebuilt almost from scratch are the latest trend when it comes to real estate in New York.
The trend is becoming increasingly popular due to the decline of the houses on the market and lower prices of the houses in ruins, convenient despite the costs that the restructuring.
Jonathan Miller, head of the real estate firm Miller Samuel, told the New York Times that the purchase of housing conditions as "poor or very poor" rose in the City by 83% from December 2011 to December 2012.
"The properties for sale in Manhattan fell by 34% from the fourth quarter of 2011 - said Miller - touching its lowest level for 12 years now, and that's why those who want to buy a home has become more flexible."