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flag Manhattan's luxury real estate sales surged 29% in Q1 2025, reaching $5.7 billion in value.

flag Manhattan's luxury real estate market saw a significant boost in the first quarter of 2025, with apartment sales up 29% year-over-year, reaching a total value of $5.7 billion, a 56% increase. flag The surge was driven by high-end properties, where sales over $5 million rose by 49%. flag The market's strength is attributed to wealthy individuals seeking safe investments amid economic uncertainty and a "great wealth transfer" from baby boomers to their children.

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