Central London residential rents slump due to lockdown, WFH
But rentals rise in towns and villages outside the British capital; such trends will impact consumption and investment
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THE lockdown and surge in working from home has caused a slump in central London residential rents. In contrast, rentals have risen in towns and villages outside the British capital. The big question is what will be "the new normal" after the pandemic ends, as recent trends in the London and UK housing market will have an impact on British consumption and investment.
Estate agents Savills estimated that the value of UK houses and apartments rose by £380 billion (S$706.5 billion) - or 5 per cent - last year to a record high of £7.56 trillion. This is more than four times the value of all companies in the FTSE100.
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