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This content was paid for by Pictet Wealth Management and produced in partnership with the Financial Times Commercial department.

Is this the end of urbanisation?

23 July 2021

When the pandemic ground city life to a halt, many residents fled to suburbs, towns and smaller cities in search of bigger homes and cleaner air. This has led to the rise of so-called second-tier cities such as Manchester, which offers all the perks of urban living, but at a lower cost. With remote or hybrid working now widely accepted, global metropolises such as London and New York are being forced to adapt and transform to remain competitive and attractive. Could this be an opportunity to change city life for the better?

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