May 11, 2021 - How Covid Has Reshaped Real Estate From New York to Singapore
The move from major cities has been the big story with the pandemic — but this shift doesn’t mean that city mean house prices have got cheap.
From New York to London to Sydney, extremely low interest rates and vast major government fiscal support have limited distressed sales. Still, apartment rents have plummeted and suburban bidding wars have been the norm as millions of workers have figured out that they can work from anywhere, not just in major metropolitan areas.
Bloomburg
