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Teleworking and housing demand
Rainer Schulz1, Verity Watson2, Martin Wersing1
1University of Aberdeen Business School, Edward Wright Building, Aberdeen, AB24 3QY, United Kingdom.
Abstract:
The COVID-19 pandemic accelerated the trend towards teleworking. Many predicted that this would shift housing demand to the suburbs and homes with the potential for high quality office space. We examine these predictions using a survey of the working age population who live in the private housing sector. The majority in the sector are happy with their current home, but new teleworkers who plan to continue to do so - accounting for one fifth of the population - are characterised by a higher intention to move. Consistent with predictions, these teleworkers value a high quality home office more than others and are prepared to live further away from the centre to find it.
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