New York tourism is booming

Tourism in New York is booming, which is good news for anyone considering property investment in the US.

Official figures show that 47.5 million people are expected to visit the Big Apple this year, marking a four per cent rise compared to 2009.

It is also half a million more than the record high seen in 2008 and would make New York the most visited city in the US.

Some 23.5 million holidaymakers visited the city in the first six months of the year.

Mayor of New York, Michael Bloomberg, is aiming to attract 50 million visitors to the city by 2012.

"We are on course to have another record-setting year," Mr Bloomberg told the New York Post.

"New York is the aspirational destination around the world. It really is."

Earlier this week, the Zillow Home Value Index highlighted that property values in the US are moving towards stabilisation, despite real estate values dropping in the second quarter of 2010.
 

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