Manhattan luxury real estate sales remain strong one month after new pied-à-terre tax
By
Robert Frank
Summary
A month after New York City passed a pied-à-terre tax on second homes (May 27), luxury real estate sales remain strong and inventory is falling, contrary to broker predictions of an immediate negative impact. The article examines the resilience of Manhattan's luxury housing market despite the new tax, exploring why wealthy buyers continue purchasing and how the market is adapting.
Source

Key quotes
· 1 pulledBrokers said the New York wealthy would f
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