In the previous columns we have highlighted how the luxury segment, in real estate, has also suffered unprecedented damage. Although the hope among investors has grown, globally, thanks to the administration of vaccines against COVID-19, the signs of recovery are still slow. In particular, it was possible to notice how, in most of the big cities, the price for the purchase of a property has increased considerably. But not only. A further change that has characterized the international real estate sector was that relating to the need, on the part of buyers, to identify properties with large green spaces, where they can relax even in periods of lockdown. Our column today, however, will focus not on the topics previously mentioned but on how a large metropolis, such as New York, is witnessing a huge reduction in the cost of selling one of the most important skyscrapers in the city.

So, dear readers, if you are interested in learning more or if you wish to join the group of potential investors of the Big Apple, we recommend that you read this column. The skyscraper in question which is the undisputed star of the main pages of New York newspapers, and the One57. Before representing the emblem of the pandemic crisis in the world of bricks, this skyscraper achieved sales of over a billion dollars in just six months, in 2014. In addition to it, we recognize the further record, of the most expensive transition in the history of New York: a penthouse of over 1000 square meters, sold for more than 100 million dollars (the consideration of 80 million euros). So let's talk about exorbitant figures, which would never have heralded a fate similar to the one that this skyscraper is experiencing in one of the darkest periods in human history. As we have stated in previous guides, the real estate market, like other economic sectors, is trying to adapt to the needs imposed by the moment.

But if in most cases, as we have reported in the various articles, the prices relating to properties on the market remain standard or increase (especially if we are talking about the luxury market), the same cannot be said for the One 57. think that recently, the acquisition of an apartment on the 58th floor was completed, with a 51% discount compared to the 2014 market price.

This is obviously not just any apartment, but a 416 square meter building. And if these news do not convey the actual gravity of the situation, we would like to point out that the experts in the sector, analyzing these data, say they are concerned about the fate of the real estate sector. What will be the implications of this affair, after the conclusion of the pandemic emergency? Unfortunately, we do not have the necessary tools to be able to answer this question. But we assure you that we will continue in the next guides to inform you about this topic and about all the sectors that gravitate around real estate!