The UK has witnessed over the past year a shift in housing demand away from cities and towards more rural or less densely populated areas of the country, a new study has revealed. House prices have boomed during the CCP (Chinese Communist Party) virus pandemic despite the most significant economic contraction in a generation, said the Resolution Foundation, a London-based think tank. “We find that, while prices have rocketed across the board, there has been a more significant jump in the least dense deciles of the UK, with areas that have higher population density lagging behind,” it said in its Housing Outlook for the second quarter of 2021. Researchers at the think tank split the UK’s local authorities into deciles by their population density. They found that, since February 2020, house prices have risen by over 10 percent in the least populous tenth of local authorities in the UK, but …
UK Rural House Prices Surge Due to ‘Urban Flight’ During Pandemic: Study
May 1, 2021
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