Panel SA: Luxury Apartment Sale Soars in Manhattan

Panel SA: Luxury Apartment Sale Soars in Manhattan

The sale of apartments in Manhattan broke a record in the third quarter of this year, and reached the highest volume in 32 years, according to data from consultancy Miller Samuel with brokerage Douglas Elliman Real Estate.

More than 4,500 units were sold in the period, which represents more than the triple registered in the same period last year.

Also according to the survey, transactions with luxury apartments stood out, as a reflection of the coronavirus crisis, which had a stronger impact on lower-income families.

For comparison, sales of Manhattan apartments valued above $4 million were up 132.5% from the same period in 2019, while transactions for units costing up to $4 million were up nearly 73%.

with Mariana Grazini e Andressa Motter


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