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  • Luxury Real Estate

    Omicron Variant Hits the Luxury Real Estate Market

    December 24, 2021 /

    The latest volatility in the stock marketplace and cryptocurrencies, fueled by panic over the omicron variant, has some would-be homebuyers urgent pause on pricey serious estate purchases. That’s been the scenario for New York indigenous Neil Kapoor, 36, who toured a luxurious property priced at $2.2 million in Puerto Rico previous month. With his investments tied up in cryptocurrency, he’s waiting for values to rebound right before pulling the cause. Bitcoin, the gold standard for electronic money, has dropped 28{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} in value just lately. “With the full [cryptocurrency] current market down, that thoroughly adjusted my dynamic,” states Kapoor, head of business enterprise improvement at CasperLabs, a blockchain engineering company. “We…

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    Jerry Schmidt Comments Off on Omicron Variant Hits the Luxury Real Estate Market

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