Hollywood A-lister actors are now leading in the real estate market. This would not come as a surprise since they have the financial capacity to invest.
Allison Halliday of Realty Biz News says that majority of the luxurious and unique real estate properties in New York are owned by celebrities. The investment of Hollywood actors can "often highlight market conditions."
One excellent example is the 114 year old colonial revival property in Ditmas Park, Brooklyn that was recently bought by Michelle Williams. This means that it is possible for affluent people or famous figures to acquire suburban-like properties that are outside Manhattan. In Chelsea, Katie Holmes is reported to rent a place that costs her $25,000 a month. This would only mean one thing, New York has a lot to offer when it comes to real estate investments with its limitless prices and amenities.
Other celebrities opt to invest in a more well-known neighborhood like the Greenwich Village. The Celebrity super-couple and serial real estate hunters Matthew Broderick and Sarah Jessica Parker bought a townhouse in the village in 2011 and had it renovated. However, the couple found it hard to make a profit (not even a break even) over the said investment and sold the place in March 2015.
In a similar article, Huffington Post says that some celebrities invest in unique properties. One of them is Leonardo DiCaprio, who is known for his environmental protection advocacy. It has been known to the public that he purchased a "health-centric condominium in Manhattan."
Aside from Hollywood celebrities, NBA stars are also into the game of buying properties. In fact the NBA Association has conducted a symposium about real estate market and has encouraged NBA players to invest their money in real estate properties. "Look at real estate as something you could really get into if you understand it and if you have capital," Miami Heat Luol Deng said.
