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.

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31 March 2021

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LSE Covid-19

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https://blogs.lse.ac.uk/covid19/2021/03/31/why-central-london-has-seen-the-biggest-rises-in-house-prices-despite-covid/

This Blog is published under the centre's Urban programme, Neighbourhoods programme.

This publication comes under the following theme: Housing