No. of Recommendations: 3
good morning albaby, many of us have realtor friends and family in NY and Florida. You may want to rethink it.
" Zohran Mamdani's surprise victory at New York City's Democratic mayoral primary last week has stunned the metropolis's wealthy buyers, who are reportedly looking to buy properties in other, more favorable locations—especially in Florida.
"Within a day of the primary results, we had serious inquiries from buyers in Manhattan and Connecticut," Isaac Toledano, CEO & Co-founder of BH Group, one of South Florida's most active luxury developers, told Newsweek. "One asked about the Ritz-Carlton Residences in West Palm Beach, the other about the West Pompano Beach Hotel & Residences," he said.
For many wealthy buyers looking into relocating from New York City to Florida, the idea of leaving the Big Apple is more than a Plan B in case Mamdani wins the mayoral election later this year. It is a strategic investment they are doing right now.
"A few weeks ago, we sold two penthouses at the Ritz-Carlton Residences in Hammock Dunes near St. Augustine for a combined $20 million, which set records for Palm Coast and all of Flagler County," Toledano said."
https://www.newsweek.com/new-yorkers-accelerating-... 