The New York City mayor’s race reinforces the demand for housing in the suburbs, where Mamdani leads opinion polls: Report

According to what is reported, housing markets in New York City are an increase in demand, as the mayor’s race is heading on November 4. Zahran Democratic Socialism Mamdani It leads to opinion polls.

According to what has the housing platform in Mamdani – which includes freezing rental and higher taxes on senior potentials – some of them New York residents It turns into the suburbs. Zach and Harrison, real estate agents in the wealthy province To RealTor.com.

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“We see completely a link between Zahran Mamdani’s sudden victory in Democratic primary “The high real estate interest in Weststers,” told Harrissons.com. “Since the summer, almost every buyer from the city we brought out to see the homes in Witchester, the municipal elections were mentioned as a driver to shop in the suburbs.”

The sales of the houses created in the contract increased by 15 % since Mamdani’s victory in June Primary, and local agents have gave jump on “Mamdani’s effect”, according to RealTor.com, citing Harrisons.

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“The current environment gives buyers And investors “There is a reason to reconsider their next real estate step, and move to Westemster as the main attraction,” the duo said.

The price of the average house in Westchester reached $ 729,999 in August, which is higher than the national broker of $ 429,990. But unlike New York City, many parts of Witchester province do not impose a resident income tax, according to Real’s, citing Harrisons.

“I say that taxes are the first priority for buyers who are thinking about moving to Westshter in the light of the municipal elections,” said Zach Harrison. “In the work world today from home, many people do not need to be in the office five days a week. So when you can move towards more space, community comfort, and the ability to withstand the costs offered by the suburbs, it really becomes an easy decision for most buyers.”

Real estate investigations by the wealthy residents

After announcing on Sunday that the mayor of New York City Eric Adams was coming out of the municipal race, John Katsumaids, CEO of Gristes and D’Agostino Supermarkts, Fox Business said that many New York residents, especially in the real estate industry, were “panic”.

“I think we have 32 and 33 days for the elections,” Katscomics said on Wednesday at “Morning”.

The shift is not limited to the suburbs of New York. Real estate agents previously reported an increase in the wealthy New York residents heading south after Mamdani’s victory in the city’s preliminary elections. Daniel de la Veiga, president of Sotheby’s International Realty in Miami, Florida, said the site traffic from the New York region increased by 50 % in the following week for the preliminary elections.

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He said at that time: “Our agents make calls from buyers who actively re -classify them, and we saw a clear rise in the demand for our new developments.”