Berniker is known for comparing global cities. He often looks at London and New York side by side.
At one point, he saw a major opportunity in London. Prices had dropped. Buyers were waiting. Uncertainty around Brexit had slowed activity.
Then things started to change.
“Now that uncertainty is off the table, buyers and sellers can know for themselves what they think a property is worth,” he explained.
He believed demand would return quickly. His view was that London would rebound faster than New York.
“London will take two years or less to have a rebound of about 20%,” he said.
This kind of forward-looking thinking is part of what sets him apart.
One of Berniker’s strengths is how he explains supply and demand at the luxury level.
In New York, he saw a different story. Too much inventory. Not enough buyers at the top.
“There’s too much inventory for that luxury and less foreign money,” he said.
In London, the situation was almost the opposite. Limited supply and strong long-term demand.
This contrast shapes how global investors make decisions. It also shows why Berniker focuses on more than just one market.
He looks at the bigger picture. Where is money moving? Where is supply limited? Where are buyers waiting on the sidelines?