House-buying behaviour continues to be shaped by working from home
With the number of vaccine jabs administered in the UK now over 10 million, we can start to imagine a future beyond the pandemic, but it’s expected that the ‘new norms’ many of us have adopted will have lasting effects in our day-to-day lives.
Working from home has gone from being an infrequent luxury to a very real reality – whether we’ve wanted it that way or not.
Jobs advertising remote working tripled since November 2019, going up from 26,600 to 80,700 listings in November 2020.*
With remote working now an expected part of life, the desire for a home office has skyrocketed, leading to interesting levels of activity on the market for larger properties.
COVID-19 has impacted the behaviour of homebuyers, as well as the priorities of employers and businesses, who now recognise that proximity to the office is no longer a prerequisite for their team members, allowing for greater flexibility on where people choose to live.
In a recent ‘Home Moving Trends’ survey, 35% of participants cited an office space as being more important since the emergence of the pandemic.**
The survey also showed that broadband was high up on homebuyers’ agendas, with 37% wanting enhanced Internet speed when searching for a new home.
If you’re no longer restricted to a property based near your work premises, we’d like to help you.
Browse our latest properties or talk to our team about your home-buying criteria.
*New Street Consulting Group
**Conducted by the Property Academy on a national level
This article was originally published by BriefYourMarket and is reproduced here with their permission.
For more company news and insights from Pygott & Crone, click here
Latest news
Fixed-rate products: Comparing terms and understanding market options
Fixed-rate mortgages dominate UK lending markets, offering payment certainty that most borrowers value highly.
Managing rent reviews under the Renters' Rights Act: Process and tribunal risks
The Renters' Rights Act fundamentally changes rent review procedures, limiting increase frequency, strengthening tenant challenge rights, and creating tribunal risks for landlords implementing excessive or improperly procedural increases.
Mortgage costs vs rental costs: The affordability comparison for 2026
The buy versus rent decision affects your long-term financial position significantly, requiring you to look beyond headline mortgage payments versus monthly rent figures.
Outdoor space presentation: What May sellers should focus on
May presents optimal timing for showcasing outdoor spaces with gardens reaching peak condition through spring growth, flowering displays, and lush greenery.
