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.
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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.
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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.