60 Second Property Digest – New York records most super-prime sales in 2022
Steady price and rent growth in 2022 in New York as the city continues to attract investment.
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Download New York Insight Q2 – 2023
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New York recorded more super-prime sales in 2022 than any other global city.
There were 244 sales above 10 million US dollars transacted last year, with cash buyers representing over 80% of the market.
As outlined in Knight Frank’s New York Residential Market Insight, 64% of wealthy individuals in the US expect their wealth to increase in the next year, despite wider economic uncertainty.
The report reveals a 49% increase in prime rents over the last 24 months, as New York’s world-leading education sector attracts top global talent, with over 100,000 international students studying in the city last year.
Looking forward to the year ahead, New York’s steady price growth and rising rents will continue to attract investors, looking for an inflation hedge in a transparent global market.