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Dissecting NYC’s luxury market

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."