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Adam Fayed Forum

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Will the pandemic permanently affect property prices?

I suspect it will. For decades big cities have outperformed. Look at a place like the UK. Nationwide, the UK's real terms house prices are below their 2008 levels.

Yet London prices have gone up and up, whilst plenty of places in the North and Midlands have struggled badly. Some have even stagnated in nominal terms never mind real terms.

Then the pandemic came along, during a period where more people were already working from home. Now people realise they can live in their home town for less.

I doubt the trend will be reversed. If the pandemic had lasted for a shorter-term, then maybe things would have been different.
 
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