The atmosphere surrounding Donald Trump’s second inauguration displays a stark contrast to his first term, particularly in terms of engagement from prominent business figures like tech magnates. The previously contentious association with Trump-branded real estate has significantly improved, as high-end brokers report the stigma surrounding his name has dissipated. Properties previously shunned due to Trump's branding are now attracting legitimate interest and offers, suggesting a revival in luxury sales. Brokers observe a surge in demand and a departure from bargain-seeking buyers, indicating a vibrancy reinstated in the luxury market post-election.
At Donald Trump's inauguration this year, there was perhaps more chatter about the billionaire tech magnates and heads of industry who attended - LVMH's Bernard Arnault, Google's Sundar Pichai, Amazon's Jeff Bezos.
A shift seems to be happening for those selling Trump-branded real estate as well. In his first go-around as president, his name was considered so objectionable that six residential buildings on Riverside Drive went to great effort and expense to remove it from their facades.
Luxury brokers say the stigma has lifted. 'It's been night and day. It's just a completely different climate now,' says Lisa Simonsen, an associate broker at Brown Harris Stevens.
Before the election, many of the buyers who came through the $9.95 million apartment were just trying to score a bargain, she says, and the owners opted to rent the unit rather than take a low-ball offer.
Collection
[
|
...
]