Britain is set to have a work from home culture permanently – with people only coming into work a couple of days a week, two mortgage experts have argued.
This means that people are likely to continue living further from the likes of London in search of green space, meaning landlords should look to commuter belt for sound investments.
Paul Brett, managing director of intermediaries at buy-to-let lender Landbay, said: “I think working culture has changed for good.
“Those companies that are expecting staff to come in five days a week will be out on their own.
“Staff will look to leave not just based on salaries – it will be on flexibility of environment and location.”
Ray Boulger, senior technical manager of broker John Charcol, agrees that if companies don’t enable their staff to work from home two or three days a week people will vote with their feet.
He said: “As time goes on it’s become clear that a sig proportion of office based population will want to work from home.
“The trend in the past 18 months of people wanting to move into premises with more room and further away from cities has got further to go.”
The danger of the Omicron variant of covid-19 may make companies more shy about having people in the office in the year ahead.
Brett added: “We’ve all been assuming that will be nearly over. With Omicron some people are saying it’s more transmissible but less dangerous. There’s a lot of uncertainty.”