Posted on Jan 28, 2021
Trump’s ‘radioactive’ properties in New York are plummeting in value, report claims
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Donald Trump’s real estate empire appears to be feeling the heat of his divisive presidency, with Trump-branded properties in Manhattan losing half their value since he took office, according to a new report.
Data from UrbanDigs, analysed by the real estate website Curb, suggested that even Trump properties that have removed his name from their branding saw their value drop by as much as 17 per cent since 2016.
The changes represent reductions in value significantly greater than the shift in property values across Manhattan as a whole, estimated to have fallen 9 per cent.
The report analysed seven Trump-branded buildings in Manhattan and three properties on Riverside Boulevard which used to have his name.
Data from UrbanDigs, analysed by the real estate website Curb, suggested that even Trump properties that have removed his name from their branding saw their value drop by as much as 17 per cent since 2016.
The changes represent reductions in value significantly greater than the shift in property values across Manhattan as a whole, estimated to have fallen 9 per cent.
The report analysed seven Trump-branded buildings in Manhattan and three properties on Riverside Boulevard which used to have his name.
Trump’s ‘radioactive’ properties in New York are plummeting in value, report claims
Posted from independent.co.uk
Donald Trump
Real estate
Manhattan
Business
Edited 4 y ago
Posted 4 y ago
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