Saturday, December 22, 2007

European buyers make December a busy month for Manhattan real estate

NEW YORK: The sidewalks of Manhattan are crammed this month with European tourists on shopping sprees, picking up gifts that cost far less in the United States than they do at home because of the weak dollar. But they are not just crowding into boutiques and department stores. Some of them are also shopping for condos.

"There's bargains to be had," said Kerry Miller, who with her husband, Marty, was working through her Christmas gift list by buying sweaters at Abercrombie & Fitch and makeup at MAC, as well as touring 29 apartments.

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