This is probably NOT a trend that folks expected but it came up in German business news this morning (via a Focus article).
The trend for home-office work? Well....it's invented this new concept....you physically don't need to live in a highly urbanized city. So in areas like Frankfurt, Berlin, Hamburg, Dusseldorf, Stuttgart, Munich and Koln....folks are putting their inner-city properties up for sale, and looking for small-town property miles away from their office structure (that they occupied in 2019).
Real estate folks are saying that around 700 lesser communities to the seven I mentioned...are booming.
Prices in these lesser communities? According to Focus....up by 40-percent.
All of this leaving urban properties in the big cities vacant? They haven't exactly said that, but one would think that.
My wife today (as a German orders-clerk) has been on a home-office routine off and on for 2020. Every other week, she's pulling a week at home. For a brief four-month period in the summer period....things had gone back to normal, but in September....it went back to the every other week routine. Expectations? I kinda expect it to continue until summer and the vaccinations start to occur. The odds that this might be a permanent routine? No one is yet to suggest that.
A trend for real estate that will be around for a while? Hard to say.
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