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Looking for a second home? UK, Spain among top destinations: Knight Frank

One in four people surveyed by Knight Frank said they were more likely to move in the next 12 months as a result of the Covid-19 pandemic

The price of a residential unit, on an average, is 9-10 times annual income in a city like Mumbai, and about six-seven times in most tier-one cities
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Puneet Wadhwa New Delhi
The Covid-19-induced lockdown and a likely fall in prices of residential property over the next 12 months have presented home buyers with a unique opportunity. Nearly a third (26 per cent) of the 700 respondents surveyed by Knight Frank across the globe are planning to buy their second homes.

One in four people surveyed by Knight Frank said they were more likely to move in the next 12 months as a result of the Covid-19 pandemic, with most seeking a different property in the same location (40 per cent). Around 26 per cent said they were willing to move to a