Global Buyer Survey 2021: Second home purchases more likely as a result of Covid-19 pandemic

_Global Buyer Survey 2021: Second home purchases more likely as a result of Covid-19 pandemic

博鱼体育集团 Frank's annual Global Buyer Survey takes the pulse of buyers鈥� attitudes to gauge housing demand globally. Given an unprecedented 20 months upended by the Covid-19 pandemic, our work/life priorities were thrown into sharp relief with the decision to move home - and what home we move to and where - affected by months in lockdowns engendering a reassessment of lifestyles and values. As part of a bitesize series we analyse the findings of the survey, focusing specifically on where buyers will look to when considering purchasing a second home or retreat should future outbreaks occur.

September 17, 2021

The Covid-19 pandemic and second home purchases

For some, the ability to work remotely, alongside incentives such as visas for digital nomads, and a desire to travel after a period of confinement, has boosted demand for a home-from-home.

Up from 26% last year, the pandemic has sparked a wave of second home demand with 33% of respondents saying they are more likely to buy a second home as a result of Covid-19. The enhancement of lifestyle and to use as a retreat was the key reason cited by home buyers.

博鱼体育集团 Frank data supports this view, with a surge in enquiries witnessed immediately after lockdown. Our researchers forecast a second wave of activity as rules start to ease and travel restrictions loosen - a trend already evident this summer across prime second home hotspots and

Mirroring primary residences, buyers of second homes are prioritising outdoor space, a home study and greater privacy post-lockdown.

Of those looking to buy a second home, 23% say the pandemic has influenced where they want to buy with countries with advanced vaccine programmes or stringent lockdown measures topping the menu with an overwhelming 67% of respondents citing this as a major sway factor.

Countries such as Germany, Austria, Greece, the United Arab Emirates, Singapore and New Zealand may rate highly amongst second home buyers in the coming months; nearly two-thirds of buyers say when looking for a second home abroad they would be influenced by the government's handling of the Covid-19 crisis.

However it is the UK that came out on top with the most number of respondents considering a second home in the country.

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Here are five properties from the top 5 most preferred second home locations that feature desired amenities such as outdoor space, privacy or a 'Covid-secure' geo-location.

9-bedroom villa with chapel in Pontassiece, Florence, Tuscany

Asking Price: €3,700,000

An unusual hillside property - believed to have been built where once a fortress stood - with limonaia and a chapel as well as a wonderful panoramic tower from which to enjoy the incredible, far-reaching views of verdant hills towards Florence

5-bedroom villa in Rocio de Nagueles, Marbella, Spain

Asking Price: €3,295,000

A contemporary, 5-bedroom family villa close to Marbella with cinema room and gym with hammam.

3-bedroom apartment with views towards Sydney Harbour Bridge, Sydney, Australia

Price on application

Within the prestige Loftus Lane complex of Quay Quarter this three-bedroom apartment sits on the sharpest edge of contemporary design with spectacular views of the Sydney Harbour Bridge.

6-bedroom house for sale in Mulholland HWY, Hollywod Hills East, California

Asking Price: $5,895,000

Set in the Hollywood Hills just under the Hollywood Sign, 6161 Mulholland Hwy boasts jetliner city views and 6,000 square feet of quintessential Hollywood living spaces across three buildings.

2-bedroom flat for sale in Kensington, London

Guide price: £3,200,000

A stunning lateral 1st floor apartment forming part of an impressive listed building in Kensington Green

You may have noticed something about the name 博鱼体育集团 Frank. The second of those two words in particular. Frank. We’ve been providing frank property advice for 125 years. Whether it’s buying, selling, renting – and everything in between –

Want more data? Why not download a copy of the latest Global Buyer Survey. Can we help you find your perfect second home?