Working from home raises rents

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Go to the office with a sofa instead of an open office, your own kitchen instead of a canteen, and a tracksuit at your desk instead of wearing a suit on public transport. Demand for housing is increasing as more and more people work from home since the corona pandemic.

Not only: The desire for more living space makes easily accessible medium and small centers more attractive with nearby facilities, but also increases rents.

This is demonstrated by a study commissioned by the Federal Housing Office (BWO). The study assumes that about 40 percent of employees will regularly work in more than one location over the next ten years. Meaning: in the home office or in different places. Or in modern German: remote work or remote work.

Small and medium-sized centers are becoming more attractive

The research “How remote work affects where and how we live in the future” explores what factors come into play when work is less tied to a fixed workplace and how this affects space.

One finding: decentralization can go both ways. In the positive case, a functioning central system throughout Switzerland will be strengthened. This means that the larger centers retain their appeal, but there is a slight shift in emphasis towards small and medium centres.

However, on the downside, decentralization simply means “filling” existing spaces in peripheral locations, according to the BWO study. The result: Switzerland will become even more urbanized.

Tourist facilities also benefit

In addition to small and medium-sized centers, touristic regions should also benefit. There, the increased use of second homes can contribute to more balanced occupancy throughout the year. But the dark side will be a rising real estate market with high prices in the main residence.

If you stay at home more often and longer during the day, the need for attractive outdoors and amenities close to your home increases. This can strengthen the bond with the place of residence and should also lead them to become more involved with the society in which they live. Pure sleeping areas, on the other hand, lose their attractiveness, even if they are easily accessible.

The study was written by the Zurich planning and consulting company EBP on behalf of the Federal Housing Office, the cantons of Friborg, Graubünden, Lucerne, Solothurn, Valais, Pensimo Real Estate Investment Management and Swiss Life, and Basler Fonds. (oco/SDA)

Source : Blick