Tag: Manhattan real estate

Manhattan Rents Sink for the First Time Since the Great Recession

'Manhattan Rents Sink for the First Time Since the Great Recession

The second quarter of 2020 saw New York City's real estate market plummeting due to the pandemic as rental prices in Manhattan sank for the first time since the Great Recession, the latest study says.

'Real Estate News: New Report Reveals Manhattan as the Worst Place to Rent in the US

A recent study revealed and confirmed that renting in Manhattan is prohibitively expensive and the worst in a wide range of criteria.

'Luxury Real Estate Markets Levelling Off Despite New Inventory

Houses that are priced at the top of the luxury market felt a decline in demand compared to the last quarter of 2015. The average sale price of a home in the Hamptons, one of the luxury neighborhoods in the US, was at $8.8 million for the first quarter of 2016. In 2015, a similar home in the same luxury neighborhood was at $12.3 million.
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