From the East End to the West Coast, one-percenters are scrambling to secure summer rentals amidst an unprecedented surge in property prices for the nation’s wealthiest ZIP codes.
“All the good stuff is rented,” says Compass broker Philip Scheinfeld, who is sheltering in Amagansett. “And the rentals that are on the market are raising their prices because they think there is pent-up demand, and that people who would go to St. Tropez and Ibiza will want to stay in the Hamptons and not travel outside the US.”
“Brokers are doubling prices,” another rental broker told reporters.
Read more at THE NY POST.
{Matzav.com}
