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Real estate

Affluent flee to second homes in COVID-19 pandemic: Will house prices and rents go up?

April 7, 2020

Watermill, NY waterfront compound. Image credit: Luxury Portfolio Watermill, NY waterfront compound. Image credit: Luxury Portfolio

 

As dense, big cities such as New York, London and Paris are hit by swathes of COVID-19 cases, some affluent dwellers have fled to more spacious and greener pastures, hinting at a boom for the second-home market.

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