In a surprising shift in the luxury real estate market, the CEO of Sotheby's International Realty has made a bold claim: New York City's high-end properties are being undervalued. According to a recent statement, the executive believes that the city's luxury market is poised for a significant surge in prices. This assessment comes as a contrast to the concerns of many experts who have been warning about a potential slowdown in the market due to rising interest rates and economic uncertainty. As one of the world's most coveted luxury real estate destinations, New York City's market will be closely watched for any signs of this predicted increase in values.
New York City luxury real estate is 'undervalued', says Sotheby's International Realty CEO CNBC
