Via the FT:
Sales of Manhattan apartments — some of the priciest properties in the US — have declined by the most in almost a decade, as potential buyers hesitate following the introduction of the new tax law.
The number of co-op and condominium sales in Manhattan fell nearly 25 per cent during the first quarter compared to the same period last year, according to new research by Miller Samuel real estate appraisers and Douglas Elliman real estate brokers.
