Page 4 - Michael Paget News Today : Breaking News, Live Updates & Top Stories | Vimarsana

There was a time, not too long ago, when New York apartments were snapped up before they were even built. All-cash offers, over the asking price, were the only guarantee of securing a property in Manhattan. But after the coronavirus abruptly reversed a decade of astronomical growth in the property market, it is desperate developers that are now digging deep to secure a sale or a new tenant. Agree to tour one of Manhattan’s newly built skyscrapers today and agents will send a car to come get you. Commit to buy one of their flats and they will now cover the thousands of dollars in fees Luxury developers Toll Brothers are even offering to pay moving expenses and any penalties incurred by buyers for breaking the renter's current lease. Demand for rental property has also fallen in London over the pandemic. But the trend is dwarfed by New York, which has seen an exodus during a year of lockdowns and restrictions. Manhattan now has a huge inventory of an estimated 8,400 unsold ne

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