Homebuyers flock to city centres as pandemic-induced demand for flats close to nature wanes

Quick Summary:

That shift has become evident in metropolises across the UK and Australia, as well as in compact cities like Singapore and Hong Kong.

A Santander Bank study released in June 2021 showed that demand for homes outside London boosted property prices across the UK to grow by 8 per cent a year after the coronavirus outbreak.

With buyers now flocking to city centres, prices of homes in regional towns “will increase more sluggishly than in the capital cities”, Juwai IQI co-founder and group managing director Daniel Ho said.

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Article Details

Author / Journalist: Cheryl Arcibal

Category: Business

Markets: Hong KongAustraliaSingaporeThailand

Topics: Areas Demand Homes Cent City Kong Hong Regional Capital Prices Cities

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-01 @ 11:30:13 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 965 words

Reading Time: 6 minutes read

Sentences: 25 lines

Sentence Length: 39 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 22315259

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