Gea Elika's Blog, page 4

Why Buying a Co-op as a Foreigner Is Often a Losing Proposition

New York’s co-op market is unlike any other in the world — not just in structure, but in attitude. For foreign buyers, it’s a world of unwritten rules, silent denials,…

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Navigating NYC Real Estate in 2025: Insights from Gea Elika

In a recent Listen Up Home Buyers podcast episode, host Victoria Ray Henderson sat down with NYC exclusive buyer’s agent and advocate Gea Elika, founder of Elika Real Estate. Gea…

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What Unaffordable Housing Means for NYC Buyers and Investors

Across the country, home prices adjusted for inflation have reached historic extremes. According to housing analyst Nick Gerli at Reventure, “we’re now in the biggest housing bubble of all time,”…

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Sellers and Buyers Caught in Digital Real Estate Listing War

The latest chapter of the power struggle reshaping residential real estate, the battle over private listings has erupted into open warfare between industry titans. With Compass doubling down on its…

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In Real Estate, the Market Always Has the Final Word

Ask almost any New Yorker what their apartment is worth, and you’ll likely get a confident-if not inflated number. Whether that estimate is based on a neighbor’s sale, a luxury…

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Why Townhouses Have a Term Limit for Aging Owners

Owning a townhouse in New York City is often seen as the pinnacle of residential living. These stately rowhouses, many dating back to the 19th century, exude timeless charm, with…

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Do You Still Need a Buyer’s Agent in NYC in the Age of AI?

The fast-paced, competitive world of New York City’s real estate market is rapidly evolving, with technology reshaping how buyers approach their property search. With the rise of artificial intelligence, one…

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As Tariffs Bite, NYC’s Real Estate Market Braces for the Fallout

Over the past several years, U.S. trade policies have undergone significant shifts, with President Donald Trump implementing a series of tariffs to reduce America’s trade deficit and protect domestic industries.…

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In New York City Real Estate, Yield Is Secondary to Stability

The New York City real estate market presents an anomaly for those accustomed to high-yield investments. The notion of double-digit returns, common in some asset classes, is largely absent here.…

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The Art of Selling: When Selling Means Not Selling at All

Selling a condominium or cooperative apartment in New York City is less about persuasion and more about positioning. In a market where perception is everything, the savviest sellers understand that…

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