A third of homeworkers would consider moving – Show House

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A third of homeworkers would consider moving - Show House

The advice to work from home gives homebuyers more confidence in moving as the public is more comfortable working from home, research shows.

Barratt Homes, together with research partner GoodMore Global Ltd, examined new attitudes towards work from home and their impact on the housing sector. Increased expectations of working from home in the Southeast were noted.

The new study found that a third of those who plan to work from home three or more days a week are more likely to move than they were before the pandemic. The study also suggests that those who believe they can work from home between three and five days are now willing to be away from work for up to an hour.

Key research findings from 750 participants in London and the South East include:

  • 37% of people expect to work from home regularly in the future.
  • 18- to 34-year-olds are most likely to work from home in the future, with four in ten expecting to work from home three days a week or more (21% assume that they will work three days a week from will be working from home, 5% four days and 15% five days);
  • Unsurprisingly, those who believe they will be able to work more from home are most likely to want to move home. A third of those who plan to work from home three or more days a week say they are more likely to move than they were before the pandemic.
  • Those who believe they work most of their time from home prefer to take longer commutes to make more space (21% of domestic workers agree on three days a week, 25% of domestic workers on five days during the week).
  • Those who work from home more than three days a week are more willing to be away from work for up to an extra hour.

Karly Williams, Barratt North Thames Director of Sales and Marketing, said, “Lockdown was clearly a massive change for most businesses as offices in cities became decanted as people began to work remotely. This is changing people’s views on how and where they want to live by not being tied to their office.

“With another announcement urging people to work from home wherever possible, the impact on the property market is likely to continue. Those who have been on the fence about leaving a big city can take this second announcement as the nudge they need to make their move.

“The survey results show there is a desire to move and, when combined with the stamp duty savings currently available, this helps keep the property market buoyant even amid a second lockdown.”

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