Manhattan Luxury Real Estate Peaked Last February – Prices Now Down 8 Months in a Row

Last fall, I published several posts detailing the clear evidence that London’s luxury home market had topped, as news emerged that sales for the most expensive units had plunged 26% year-over-year. This was significant since London represents the ultimate prize in the corrupt foreign oligarch/dictator portfolio. It was the canary in the coal mine for the entire global ultra-luxury real estate market, and we’re now seeing indicators that this trend is also becoming entrenched in America’s oligarch crown jewel: Manhattan.

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