Buoyed by a Strong Dollar, NYC’s Luxury Housing Market Surpasses London’s

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“Despite rising economic headwinds and growing uncertainty, the world’s wealthy have been committing to luxury residential property, with London and New York the standout cities in demand for ultra-prime sales,” Liam Bailey, global head of research at Knight Frank, said in the report. New York is now the third most expensive real estate market in the world with the highest number of super-prime salesIn the past year, prices and sales of prime residential real estate in Manhattan have surpassed the UK’s capital city. In 2022, $1 million could get you 355 square feet of prime property in New York City. Across the pond, that would buy you 365 square feet.

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