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Abstract:

CentrePiece article
UK house prices in Covid-19 times
Paul Cheshire, Christian A. L. Hilber and Olivier Schöni
June 2021
Paper No' CEPCP606:
Full Paper (pdf)

CentrePiece 26 (2) Summer 2021


Tags: covid-19; housing; house prices; policy; economic geography

The pandemic lead to increased demand for bigger homes and gardens. With housing supply limited by strict UK planning regulations and the market propped up by a stamp duty waiver and the furlough scheme, prices of detached house have risen. Paul Cheshire, Christian Hilber and Olivier Schoni find that they rose most in areas close to the centre of London.

This article summarises ‘The Pandemic and the Housing Market: A British Story’ by Paul Cheshire, Christian Hilber and Olivier Schöni, CEP Covid-19 Analysis No. 20.