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Home Market Research Markets

From Hot to Hesitant: Hamptons Rentals Struggle to Find Takers

by TheAdviserMagazine
4 months ago
in Markets
Reading Time: 1 min read
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From Hot to Hesitant: Hamptons Rentals Struggle to Find Takers
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Fariz Abasov / Shutterstock.com

Luxury summer rentals in the Hamptons have increased availability. According to CNBC reporting, Hamptons summer rentals are down 30% compared to previous years. The drop is as steep as 50% to 75% for ultra-high-end properties. Brokers told CNBC the slowdown is due to more than May’s cold, rainy weather. Behind the hesitation is something bigger: economic uncertainty that’s making even wealthy…



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