Don’t bank on big discounts on luxury New York property after the pandemic
Prices were already falling before the coronavirus, but top-end realtors in the Big Apple say it’s still where the wealthy want to live
10 June 2020 - 17:02
New York — After New York officially shut down during the Covid-19 pandemic, the number of luxury residential real estate listings in the city plummeted. No-one could visit a house, most brokers reasoned. What was the point of letting an apartment go stale?
“I did take several listings off the market, and I postponed and cancelled putting several more on the market at the beginning of March,” says Tamir Shemesh, founder of the Shemesh Team at Douglas Elliman. “You can’t expect a buyer to purchase an apartment without seeing it.” ..
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