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Can New York’s property revival survive tariff turmoil?
紐約的房地產復甦能否挺過關稅動盪?

2025 pointed to a pick-up following the city’s lengthy post-pandemic malaise — but the top-of-year glow now has to be filtered through a new lens
2025年曾被視爲這座城市在經歷長期疫情低迷後迎來複蘇的一年,但年初的樂觀氣氛如今不得不通過新的視角來重新審視。

It had been shaping up to be a strong year for prime real estate in New York City. The market here typically has an annual rhythm, where transactions only truly begin after private schools return from spring break, which means it’s often frenzied between April and mid-June. Yet over the past three months, there has been a surge of winter activity: data from top tier real estate firm Corcoran showed closings in that period rose 14 per cent year on year, the largest annual increase in the past three years. What’s more, 215 of them were for properties worth more than $5mn, 16 per cent above the five-year average for the first quarter. Knight Frank’s latest Wealth Report, published in early March, suggested a market revival in 2025 following a five-year period where prices fell 3.1 per cent; a true market expansion, perhaps, for the first time since 2019.

今年本來有望成爲紐約市高階房地產的強勁一年。這裏的市場通常有其年度節奏,交易往往要等到私立學校春假結束後才真正開始,這意味著每年4月至6月中旬期間常常異常活躍。然而,在過去三個月裏,冬季交易活動激增:頂級房地產公司科克倫的數據顯示,這一時期的成交量同比成長了14%,爲過去三年來的最大年度增幅。更值得注意的是,其中有215筆交易涉及價值超過500萬美元的房產,比過去五年第一季度的平均水準高出16%。萊坊(Knight Frank)在3月初發布的最新《財富報告》指出,經歷了房價下跌3.1%的五年後,2025年市場有望復甦;這或許將是自2019年以來市場首次真正擴張。

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