Foreign buyers, who represent about 40-percent of those purchasing property in the city according to experts, have been cooling off from buying pricey high end condos, brokers say. The reason?: Over the last year, prices for new development hit an average of $1,807-per-square-footup 29-percent from the year beforewhile the dollar also strengthened internationally, which translates to a roughly 40-percent price increase in the last six months. That's no chump change. [DNAinfo]
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