The latest research from Deutsche Bank suggests that a dramatic shift in working patterns is on the way. 57 per cent of the 450 financial workers surveyed expect to be working from home between 1 and 3 days a week once the pandemic has passed. Covid-19 has not only disrupted our lives in the short term but is changing our longterm mindset. So, what does that mean for the property market? If you think it’s back to business as usual, you’ll need to redefine usual before you proceed.
Our new reality now affords office workers the opportunity to live further away from their place of work, which in turn brings the prospect of more space. If lockdown has taught us anything it’s that we’ve undergone a technological revolution without having yet embraced the geographical flexibility it affords. That’s about to change.
Average prices in London are £480k and across the UK are approximately £230k.
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