Covid has brought a shift in rural vs urban activity trends. Pre-2019, the turnover rate was four times higher in the city, compared to the country, as property owners tend to settle outside the suburbs. However, as international travel became impossible, buyers turned to beach towns to invest, creating an increase in the country property market.
With that being said, a handful of city spots have also seen a high level of sales recently. Ashley Wilsdon, Head of London Buying, mentions Mayfair, Central London, and how a large number of new-build apartments have contributed to the increase of popularity, saying: “After lockdown, as foreign travel resumed, we saw a swathe of international buyers acquiring these types of home,”.
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