Work from home, travel ban, safer getaway - why second homes are in demand

10th September 2020

The real estate space has been slowly picking up pace since the unlockdown started in early June. Due to ban on travel and fear of the pandemic leaving a deeper impression on urban homeowners, second-home housing market is also seeing good traction. While short breaks from the city life, rental income or retirement home were hitherto key reasons for buying a second home, the COVID-19 outbreak has given rise to the need of a relatively safer from infection homes away from the urban hotspots. "With construction activity picking up, homebuyers are more conscious now to invest in a property with assured safety, to live a sustainable life. The rise in the housing demand for Tier-II cities can be seen because of affordability and better growth prospects," said Ashish Sarin, CEO, AlphaCorp.

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