Oliver Wyman study on the effects of the corona pandemic

Source: www.oliverwymanforum.com

“The coronavirus pandemic strikes at some of the central features of urban living. The disease has taken a heavy toll on major cities like New York City, Madrid, and Sao Paulo, and efforts to stop its spread with lockdowns and social distancing raise questions about the density of human activity and interaction that have long drawn people to cities. Now growing numbers of people in the United States and United Kingdom are looking to move or have already done so, and many have changed their criteria for deciding where to live, according to new research from the Oliver Wyman Forum.

A survey of 1,100 Americans found that two percent of respondents have permanently or temporarily relocated because of COVID-19, while another 14 percent are planning to relocate or leaning toward doing so. Affluent respondents were the most mobile, as three percent of respondents with incomes of more than $120,000 have already relocated. Urban residents, renters, and younger respondents were the most likely to be planning or considering a move.”

A detailed overview and discussion of the study results can be found on the Oliver Wyman Forum website.