Flat sales in Manhattan have risen to their highest level in more 30 years as the New York real estate market continues to bounce back from its Covid-19 slump.
New research from US estate agent chain Douglas Elliman found that more than 4,500 sales were closed in the third quarter of 2021 – three times the level in the same period of last year, amid an accelerating recovery.
The surge in sales has been driven by the higher end of the market, with sales of $4m-plus properties up 132% on the same period in 2019.
