Pandemic or not, the Hamptons boom continues as moneyed settle in
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Last Updated: May 18, 2021, 01:51 PM IST
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Synopsis
More than a year after the COVID-19 pandemic began, demand for homes remains robust in the Hamptons, boosted by a swell of urbanites shifting in.
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A blend of remote and in-office work persisting “for the foreseeable future” will allow buyers “to utilise their Hamptons homes substantially more than in pre-pandemic times.
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The high-flying Hamptons real estate market continues to soar.
More than a year after the COVID-19 pandemic began, demand for homes remains robust in the moneyed Hamptons, boosted by a swell of urbanites settling in.
By Marcelle Sussman Fischler
The high-flying Hamptons real estate market continues to soar.
More than a year after the Covid-19 pandemic began, demand for homes remains robust in the moneyed Hamptons, boosted by a swell of urbanites settling in.
In search of less density and more space, beginning last March, many city dwellers snapped up relatively reasonable off-season rentals in the beachfront towns and manicured villages on the East End of Long Island.
As the pandemic dragged on, many decided to buy a home instead of spending as much as a couple hundred thousand dollars on a summer rental. Enabled by low interest rates and Zoom technology that has made working remotely possible, some enrolled their children in local public and private schools, and helped transform the affluent weekend and summer getaway into a year-round community.