Return-to-office policies are an emerging force in the housing market. Over the next 12 to 24 months, they are likely to positively impact property demand and prices in older, more central suburbs.
“Ironically, ongoing loadshedding until recently has also prompted many people to spend more time at the office, where their employer or the building owner carries the cost of providing backup power. She notes that this reversal is already evident in the US, where a recent Redfin survey found that more than 10% of those planning to move in the next year are doing so because of a return-to-work mandate. Large companies such as Amazon, Apple, and Goldman Sachs are leading the drive to get employees back to physical workspaces.
“Specifically, it found that despite taking 10% fewer trips than previously, South African drivers are covering 40% more distance per month on average, despite ongoing fuel price hikes, and attributed this directly to the increase in trips to the office, often from a further distance away than previously.”
Source: Real Estate Daily Report (realestatedailyreport.net)
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BusinessTechSA - 🏆 24. / 61 Read more »
Source: City_Press - 🏆 7. / 72 Read more »
Source: SABC News Online - 🏆 32. / 51 Read more »
Source: Soccer_Laduma - 🏆 22. / 63 Read more »
Source: News24 - 🏆 4. / 80 Read more »
Source: BBCAfrica - 🏆 23. / 61 Read more »