26 December 2006

Manhattan gets ready for "Bonus Bump"

This year belonged to London, but it seems like in 2007, all eyes in the real estate world will be focused on Manhattan as Wall Street announces record bonuses for 2006.
Wendy Maitland, VP at NYC's Corcoran; claims that she is already seeing the effects of the "bonus bump" at her Manhattan office. In this Real Deal interview, she highlights the $2-5 million residential market is seeing a lot of activity since November 15th, and the over $5 million market is "absolutely" booming.
It appears as well that the Wall Street high-fliers prefer condo's over co-ops
[Wendy's interview starts about 1min30secs]

0 comments: