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Why central London has seen the biggest rises in house prices, despite COVID
Paul Cheshire, Christian A. L. Hilber and Olivier Schöni March 2021
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Tags: covid-19; economic geography; housing market; housing; houses; prices

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 Schoni (LSE) find in a new Centre for Economic Performance analysis that they rose most in areas close to the centre of London.