The owners of the luxury apartments of Manhattan you will have to get used to the idea: looking to sell their homes – reset the price.
According to real estate company Olshan Realty Inc, this year the purchasing power was the lowest for the last 5 years. So, at the end of last week the average bill of the buyer of luxury apartments does not exceed 4 997 500$. A similar situation was observed in 2013, when the figure in September fell below $ 5 million dollars.
«Today people think only about reducing prices. They do not rush to buy expensive apartments. And those sellers who understand this and have reduced the cost, was on the right track and managed to sell his real estate,» say Donna’sha, President of Olshan Realty Inc.
As an example, the realtor leads three-bedroom apartment, which initially asked for $ 5.3 million, but after the buyers managed to agree about reduction of prices by 6.6 %, the property is successfully sold. Those who wish to purchase an apartment or a house, not in a hurry to make a deal, traded for a long time, take a wait. All of this suggests that the buyers are now the owners of the market and dictate the rules to sellers.
However, there are certain difficulties for buyers. Still ongoing construction boom, creating thousands of flats and houses. This year in Manhattan, the expected emergence of more than 4 thousand new properties in addition to those already for sale. All this creates difficulties both for sellers and for buyers who can’t make the right choice.
