The luxury apartments at the top of New York's skyscrapers are not popular. According to a report by real estate specialist Nancy Packes Data Services, in the buildings built over the past five years, half of these homes have not found a buyer.
According to the New York Times , these luxury apartments can remain empty for up to six years. A total of 7,727 apartments have been built in buildings over 30 floors in New York since 2015. At the same time, many residents have difficulty finding accommodation. They would be 79,000 living on the street or in homes.
Luxury tours but no buyer
After the 2008 financial crisis, investors focused on residential projects designed for very affluent customers, in order to maximize their profits. This created a gap with most buyers, impoverished by the crisis. "If you have $ 30 million, you already have four or five residences," analyzes Nancy Packes. You do not need to buy. "
Symbol of these projects intended for the financial elite, the "billionaires' row" emerged from the ground between 2014 and 2020 south of Central Park. These towers offer, at their peak, properties with a unique view of New York. A 2,200 m² apartment sold for 240 million dollars (216 million euros). However, falling oil prices, anti-money laundering measures and the weakening of the Chinese economy have cooled some potential buyers. Today, in Manhattan, smaller-scale real estate projects are on the rise.
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