15 July, 2020
Londoners Want Properties A Walk Or Cycle From Office
With the property market in the UK reopening in June, estate agents saw a surge in interest in homes in rural areas, but Londoners have also been looking for properties that allow them to live near their offices in London, but have a pleasant commute.
Homes and Property shared the insights from London estate agent Dexters, which found that first-time buyers are happy to stay close to the centre of the capital, provided they can walk, cycle or take a boat to get to work.
Chairman of the group Jeff Doble told the newspaper that he hadn’t expected to see a jump in the number of buyers looking for homes in central London. His company has recorded a threefold increase since lockdown, compared to the same period last year.
“These buyers believe there is a limit to working from home. They want to be able to cycle or walk to work, with limited time on public transport as we live in fear of further contagion,” he stated.
Where in London people are looking will clearly depend on where their office is based and how long they expect to remain with their current employer. For those businesses with office space in Shoreditch, it could be worth exploring how you can support your employees who want a more pleasant commute.
In fact, they could do far worse than moving to Shoreditch, with its plethora of high-quality and quirky cafes, bars and restaurants. Of course, like many businesses, these have been shut down in recent months but many were ready to welcome customers back with open arms as the UK entered the next phase of easing its Covid-19 restrictions earlier in July.