New York City remains atop the list of most influential cities in 2012
Real estate in New York, NY has begun to pick up, and on Southampton's storied oceanfront Meadow Lane, home sales are also picking up at a rapid pace.
Recently, the Big Apple was ranked the top global business center in a worldwide survey of cities, the fourth such recognition of its influence in the past five months, Bloomberg News reports.
London, Paris, Tokyo and Hong Kong trail New York on the Global Cities Index, released by Bloomberg Rankings, which indicates that the city remains an appealing place to live.
The big city continues to attract homebuyers, as city school funding has doubled to $24 billion in the past 10 years and improved police practices have helped reduce crime by approximately 35 percent since 2002, according to the news source.
With the New York area continuing to prove its professional worth, the housing market in the Hamptons has started to pick up. Large property sales have been seen across the area, with a six-bedroom mansion selling for $28.5 million in March 2012. Property tax is down in Suffolk County by 16 percent, and homebuyers living in New York City may look to purchase a vacation getaway in the Hamptons more regularly than in the past few years.