Luxury homeowners and developers in New York are putting multimillion-dollar abodes on sale, confident that deep-pocketed investors will pay top dollar for exclusive property, even as the coronavirus pandemic threatens to push the US economy into a recession.But some market observers doubt such property will find buyers amid a glut in supply of high-end condominiums and a recent downturn in US stock markets that saw the Dow Jones Industrial Average plunge 3,000 points on Monday for its biggest…
Source : South China Morning Post
Read more…New York luxury homeowners confident of finding buyers amid coronavirus-induced market rout















