Combined with a rising transfer tax, the uptick has caused luxury sales for properties priced above $2 million to fall 31.5 percent.
Source: Inman News
Uptick in mansion tax drags NYC luxury sales to 4-year low
Published in Governor Cuomo, home price growth, home sales growth, luxury real estate market, Markets & Economy, new york city, New York City luxury real estate, New York City real estate, New York City real estate market, New York transfer tax, Regulations, transfer taxes and wall street journal
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