This is expected to happen worldwide because of the pandemic and teleworking. If people can work from home and cities are no longer as attractive, this is normal to happen.
Indeed. Whilst I'm sure that city living will retain a lot of its desirability, it will certainly lose
some if a large number of people are no longer required to work in city-centre offices each day. Hopefully this will trigger a levelling of opportunity and standard of living within each nation. We might expect house prices in cities to fall somewhat, and in cheaper areas to rise somewhat. We might also anticipate that the rural to urban 'brain drain' effect might be lessened. Longer-term, we may even see effects across continents or the whole world.