Pressure mounts on regional real estate as cities bounce back
The outlook for regional property markets appears subdued as the post-Covid return of sea- and tree-changers to capital cities cools demand.
The drift back to the cities is underway as Covid lockdowns fade into memory. (Image source: Shutterstock.com)
Now that Covid lockdowns are largely a painful memory, cities are again poised to outperform the regions’ property markets.
Aside from workers returning to the office, the nation’s capital cities are shining bright once again, events are drawing crowds and, with the gloss back, the appeal for urban purchasers has returned.
While many regional markets remain desirable and feasible locations for city-based workers to operate from, some price pres…
