Among their predictions, they see small businesses in densely populated cities struggling to stay open if the trend of remote work continues. A recent report by UBS has analyzed what COVID-19 changes are likely to be "cyclical," and which will be "structural."
Other factors including pent-up demand, low mortgage rates, social distancing, and working from home and have also strengthen the single-family home market as prospective home However,in larger, more expensive cities like New York and San Francisco, it may be more likely that employees working remotely stay away for financial reasons.
The first being that the demand for suburban homes may increase. This comes as no surprise since pent-up demand has beenSecondly, UBS suggests that luxury apartments in densely populated urban cities may see a drop in price. If this happens, per the report, new-construction activity will decline. On the flip side, should remote work become the new norm for some, rent along the sun-belt may increase as a result of interstate migration.
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