According to real estate agent Knight Frank, only 41 properties were sold for $ 10 million or more in New York, up from 137 last year.
–
(Photo: AFP)
–
– –
–
New York Sales of New York’s most exclusive residential properties plummeted 70 percent in the first half of the year, the biggest drop among the world’s most expensive cities.
According to broker Knight Frank, only 41 properties were sold for $ 10 million or more in the US financial metropolis, compared with 137 in the previous year. The decline in New York was also stronger than in London and Hong Kong, which came to a minus of 68 percent and 61 percent respectively.
Sydney bucked the trend and has seen a surge in sales, and Singapore saw only a slight decline, according to a report by Knight Frank released on Wednesday.
“The coronavirus affected all of our international markets. For a few months most of these markets came to a complete standstill as various lockdown measures were put in place around the world, ”Paddy Dring, Knight Frank’s global head of Prime Sales, said in a statement sent via email.
Despite the decline in the number of deals around the world, transaction values were generally higher, according to the report. The global average transaction value for super prime real estate rose to $ 20.7 million from March to June, compared to $ 18 million in the same period last year.
London saw the biggest increase, topping the world rankings with an average transaction value of $ 38 million.
More: Corona has slowed the boom in flexible office space – but the industry is still optimistic.
– .
