Is The NYC Luxury Real-Estate Market On The Verge Of A Full-Blown Collapse?

in #realestate • 6 years ago

Over the past decade, the NYC real estate market was one of the hottest in the world. It led a global growth in the value of assets around the world. Low interests rates coupled with a run in other assets classes really helped the upper end market.

No city reflected this better than New York City. The challenge now is that it is turning in the other direction. Sales of luxury units are down 40% for the first 9 months compared to 2017.

Will this lead to a global slow-down? Is the high end real estate market in NYC going to collapse?

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#newyorkcity #notoriginalcontent #luxury #collapse
6 years ago in #realestate by
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     6 years ago 

    Wow! The NYC skyline out of that yuge living room window is truly THE best all-natural wallpaper in the world! And it's never exactly the same every day! With rain, wind or shine--a sparkly, shimmering skyline.

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