For billionaires hunting apartments, the bargains are in Manhattan
… As in other major metropolitan cities, New York’s luxury market – defined as the top 10 per cent of sales – peaked in early 2009 at an average price of $2,612 a square foot, according to data from Miller Samuel….
Last Friday I had a fun discussion with Lisa Abramowicz on Bloomberg Surveillance. It’s been bedlam in Appraiserville so I’ve been slow to post it. The New York to Florida housing migration story has been a bit one sided with… Read More