Friday 30 March 2018

No bonus bump: Luxury contracts down despite uptick in Wall Street payouts

It looks like heftier Wall Street bonuses aren’t helping the ultra-luxury residential market pick up the pace. Last year, Wall Street bankers and traders received an average $184,220 in bonuses — the highest level seen since 2006, according to a report by the New York State comptroller. Meanwhile, only 282 contracts were inked for Manhattan homes priced over $4 million between January and March, a 15 percent drop from last year, according to data from […]



source https://therealdeal.com/2018/03/30/no-bonus-bump-luxury-contracts-down-despite-uptick-in-wall-street-payouts/

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