6/16/2010

The euro's recent depreciation against the dollar has had an impact on New York residential sales, with European buyers skittish about such foreign investments. "I'm spending a lot of time talking people off the ledge," says Dolly Lenz, with Prudential Douglas Elliman, of European clients who suddenly are nervous about investing in the city. "I'm doing this daily. People are losing confidence that it's going to turn around quickly."

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