‘The Mamdani effect’: wealthy New Yorkers show renewed interest in Miami’s Billionaire’s Beach

The GuardianWednesday, December 3, 2025 at 12:00:32 PM
‘The Mamdani effect’: wealthy New Yorkers show renewed interest in Miami’s Billionaire’s Beach
  • Sales have surged at luxury properties such as the Ritz-Carlton, Four Seasons, and Cipriani in Miami's Billionaire's Beach, as affluent New Yorkers consider relocating from Manhattan. This area, known for its art deco hotels like the Delano and Raleigh, is undergoing significant renovations and new high-end residential developments.
  • The increased interest in Miami's luxury real estate reflects a broader trend influenced by the so-called 'Mamdani effect,' suggesting that wealthy individuals are seeking warmer climates and exclusive living spaces, potentially reshaping the luxury market dynamics in South Florida.
— via World Pulse Now AI Editorial System

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