Experts Predict Luxury Real Estate Discounts

The video discusses the current state of the real estate market, highlighting a shift towards a buyers market with expected price declines globally, particularly in Hong Kong and Mumbai. Economic factors such as the strong dollar and Brexit are influencing investment behaviors, with Chinese investors pulling back. The video also covers macro and microeconomic issues, including the impact on London and New York markets, and the supply-demand dynamics affecting real estate.

What was the attitude of developers in New York towards selling condos in 2016?

What supply and demand dynamics are affecting the real estate market according to the text?