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Lockdown prompts wider home searches

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Statistics reveal that major British cities could see a mass exodus of home buyers after lockdown.

Property website Rightmove reports that searches by Londoners for homes outside the capital were up to 51% compared to 42% this time last year, says Yael Geffen, chief executive of Lew Geffen Sotheby’s International Realty.

In Japan, 36% of young people say they aspire to change their careers and move further out of the cities, according to a survey in the Chinese news outlet Caixin.

The main motivation for changing jobs is to avoid being infected with Covid-19 in crowded megacities like Tokyo.

Likewise, in France, Geffen says 38% of potential home buyers widened their searches further from big cities as they sought gardens and extra room for remote working during the pandemic, according to a survey mid-May by French real estate portal SeLoger.

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