- Luxury Daily - https://www.luxurydaily.com -

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

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.