Showing posts with label financial crisis. Show all posts
Showing posts with label financial crisis. Show all posts

Tuesday, February 26, 2013

Property price in New York after financial crisis

Property price in Manhattan, New York is currently higher than the peak of 2008 and perhaps about 20 percent higher than during the financial crisis of 2009.

Specifically, I am referring to Manhattan luxury condominiums and generally, I am using numbers I have observed over the years.  Reason is that the "official" numbers published by the data houses tend to be average of condos and coops.  Depending on what metric is used, the numbers tend to be skewed.  For example, by very high end apartments, large weighting of coops etc.