What Do Real Estate Trends Tell Us About the Migration Back to Cities?
Almost one year into the COVID-19 pandemic, life is starting to feel like it might regain its sense of normalcy. With promising vaccines being slowly rolled around the globe, the focus is shifting away from the immediate, and into what the future looks like- including where people want to live. At the beginning of the pandemic, stories all across the media claimed that cities were dead, people were leaving as a permanent measure of safety and well-being, and that the real estate market would experience a long and slow recovery to the boom it had experienced in the pre-pandemic world. But there’s been a shift, and it’s happening fast- people are returning to cities almost as suddenly as they once left them.
Courtesy of ASGG and Wordsearch
Almost one year into the COVID-19 pandemic, life is starting to feel like it might regain its sense of normalcy. With promising vaccines being slowly rolled around the globe, the focus is shifting away from the immediate, and into what the future looks like- including where people want to live. At the beginning of the pandemic, stories all across the media claimed that cities were dead, people were leaving as a permanent measure of safety and well-being, and that the real estate market would experience a long and slow recovery to the boom it had experienced in the pre-pandemic world. But there’s been a shift, and it’s happening fast- people are returning to cities almost as suddenly as they once left them.
