New York City’s luxury residential market has, for the last few years, been firing on all cylinders.
But there may be cracks in the veneer.
But because investors from a single country can’t hold more than 7 percent of the visas issued, investors from China — where the program has been exceptionally popular — are already lining up in force to get a piece of next year’s action. That will create a backlog among Chinese investors, said Kate Kalmykov, an attorney at Greenberg Traurig who specializes in EB-5 visas.
Read "Dissecting NYC’s luxury market."