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

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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”,”iv”:”7135660561041a55a4451e6db781a37a”,”s”:”b4ce0fe6d5f3c68f”