What does the crisis in Ukraine have to do with New York real estate? A fair amount, actually. Since the turmoil in Ukraine, Obama has issued travel bans and frozen the U.S. assets of scores of Russian individuals, putting their in-contract real estate transactions on ice, scaring off prospective buyers, and allowing Chinese buyers to overtake the category of biggest foreign purchasers of Manhattan apartments. [WNYC]
Filed under:
Loading comments...