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09 / 06 / 2021

So much for the pandemic exodus: Home sellers’ confidence grows while WFH drives suburb popularity – 9th June 2021

London has brushed off fears its population plan to leave en-masse, however home working has influenced where workers would like to live in the capital.

Much has been made of the ‘London exodus’; the idea being that professionals who are no longer obligated to sit at a desk for five days per week would rather swap a small London flat for a large house with office and garden space outside of the city, possibly all for a smaller price.

But fears that London has become an unattractive place to live appear to be overblown, according to experts.

Ashley Thomas, director of Magni Finance, a London mortgage broker added: “As a high net worth mortgage broker, we have started to see a lot more interest from wealthy buyers predominantly based abroad.

“They are keen to start viewing as soon as restrictions are lifted. Some have even suggested they will buy without a physical viewing if they get a great opportunity. 

“London is still regarded as one of the most attractive places in the world to acquire property and so I cannot see prices falling. There’s simply too much demand and, as ever, too few properties.”

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