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Working from home- what does the sudden increase have instore for the housing market?

  • In 2019 only 5% of the UK workforce worked mainly from home and less than 30% of total workforce had even tried it. This is going to have changed dramatically since the Covid-19 lockdown.
 
  • The new working from home lifestyle has caused a shift in E-commerce patterns. In March computer monitor purchases increased 172%, office chairs were up 104%, and office desks up 89%.
 
  • Technology companies have seen a huge increase in demand. In March 2020 Zoom hosted 200 million meetings a day compared to just 10 million in December 2019. Companies are offering tech tools free in the hope that people carry on using them after lockdown.
 
  • If working from home becomes the ‘new norm' this may change house hunters’ priorities. Google trends shows a +190% jump in interest for Garden Office Pods in April. Will home offices become the new ‘must-have’ feature?