Manhattan’s luxury market in summer surge

High-end buyers are feeling 'sticker shock' as mortgage rates rise.

Sales of high-end homes plummeted by nearly 18% during the three months to the end of April, the largest drop since the onset of the coronavirus pandemic

Sales of high-end properties in the States plummeted by over 38% at the back-end of last year, the biggest decline on record, as wealthy buyers retreated from the market.