New York makes luxury brokers happy again
The corona crisis is not over in New York either. But at least the real estate market is picking up again, says Sebastian Steinau. “That’s the nice thing about New York – it’s incredibly dynamic. If prices have been down for a long time, the faster they go up again, and right now the market is coming back really incredibly quickly.” The 42-year-old from Neheim in the Sauerland has been a luxury broker in New York for around five years – and “currently in good spirits”.
“This is” YOLO meets FOMO “right now,” says Steinau. This translates as something like: You only live once, combined with the fear of missing out on something. “We’ve all had a shitty year behind us. The perspective has changed. Many people think now is a good time to maybe reward yourself a little, to enjoy buying a great apartment with your own outdoor area. And the city come back. The lights are green. ”
Last spring, the metropolis on the east coast became the epicenter of the pandemic in the USA. So far, more than 800,000 people have been infected in the city of around eight million people, and more than 30,000 have died after being infected. The real estate market was largely turned on its head by the resulting crisis. “The market was incredibly difficult in 2018/2019,” says Steinau. Among other things, this was due to the fact that international demand had declined for various political and economic reasons. “But last year he was completely awesome.” Nevertheless, he remained active and also sold a lot. “But it was reluctant.”
The “New York Times” wrote of about 7,500 apartment sales with a total value of almost 14 billion dollars in 2020, citing a survey by the industry service Cityrealty. In 2019, there were nearly 12,000 sales valued at nearly $ 24 billion.