: :inin Kyiv (EET)

The luxury condo boom in New York and Miami could finally be ending


Flickr / Justin BrownLook up at the New York City skyline — way up, 100 stories or so — and you can’t help but notice that the changes over the past few years have been remarkable.
But they may be coming to a halt.
Over the past five years, a luxury housing boom in the city saw private developers scrambling to erect skyscrapers as tall as 100 stories with $100 million penthouses towering over the city’s Central Park and Midtown neighborhoods, creating a new mini-neighborhood known as “Billionaire’s Row.”
The media has breathlessly reported on the often-anonymous foreign buyers allegedly driving …read more

Source: Business Insider

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