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Feb. 26, 2026
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Real estate

Luxury real estate contracts signed up 17pc in Manhattan: Compass

July 7, 2023

Outperforming expectations, luxury real estate in Manhattan has seen a 17.4 percent increase in contracts signed from the second quarter of last year. Image courtesy of The Langham New York

 

By Zach James

While the overall market on New York City’s central island has seen a steep financial decline in recent months, U.S. real estate brokerage Compass’ latest report shows that the luxury sector remained strong in the second quarter of 2023.

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  1. Luxury Unfiltered: The AI reckoning will separate true luxury brands from imitators
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Global demand for luxury hotels outpacing supply: JLL
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