Densification is yesterday’s news
Nothing delivers a sharper reminder of the value of generously proportioned living areas, and the joy of gardens, than being confined to your home for 12 weeks. Once the Covid-19 pandemic is over, tenants and buyers will look with newly enlightened eyes on the UK’s still nascent coliving sector, and on pokey one-bed and studio apartments. Some, like FT columnist, Janan Ganesh, go a step further and suggest that the idea of networking itself will become less obviously a virtue as the most networked cities on earth, like New York and London, reveal themselves to be the most vulnerable to viral spread.
Could it be that, after 30 years of hectic growth and prolific ‘densification’, the tide will turn as more people see the virtues of open air, relaxed widely spaced suburban life? The idea that living and working in a city isn’t the be-all and end-all of life will come as a shock to Millennials. To the over 50s, who have seen cities come in and out of fashion before, the adjustment will be easier. So, whilst the thirtysomethings head to the ’burbs, priced-out oldies may make a return to the city? Senior living could be one of the surprise winners.