London might be in lockdown now, but what will it look like when normality returns?
A new article in The Times this week discusses how our world’s city hotspots may be starting to lose their appeal, with London and New York reporting fleeing residents amid rising living costs and empty bars.
Sharing her insight as a respected London buying agent for premium property, Camilla Dell argues in the article that this won’t be seen as a flight from the city, but a race to the suburbs:
“If you’re a professional that has a budget between £600,000 to £700,000, then I can see how the thought of selling up and having a three- or four-bedroom house outside the city appeals,” says Dell, from Black Brick. “But you make that move at your peril. Will we all be working from home in five years? I doubt it. And once you’re out, it’s a lot harder to get back in.”, she said.
Read more in the full article here.