Why central London has seen the biggest rises in house prices, despite COVID
Cheshire, P., Hilber, C. A. L.
& Schöni, O.
(31 March 2021)
Why central London has seen the biggest rises in house prices, despite COVID.
LSE COVID-19 Blog.
& Schöni, O.
(31 March 2021)
Why central London has seen the biggest rises in house prices, despite COVID.
LSE COVID-19 Blog.
As many predicted, the pandemic led to a demand for bigger homes and gardens. But with supply limited by Britain’s strict planning regulations, and the market propped up by a stamp duty waiver and the furlough scheme, prices for detached houses have risen. Contrary to received wisdom, Paul Cheshire, Christian Hilber and Olivier Schöni (LSE) find in a new Centre for Economic Performance analysis that they rose most in areas close to the centre of London.