Most of us have been locked inside for more than a year and, contrary to expectations, the property market is starting to boom. According to the Economist, most places have seen an increase in property prices of at least 5% with America reporting 11% and New Zealand reporting an increase of 22% over the last 12 months.
Stuck at home, we’re starting to yearn for more space, green space, outside space. With many companies reporting a change in their culture and refuting the requirements to be at work in city centres 5 days a week, we are starting to see the possibilities of moving to the suburbs and exchanging poky city flats for space to roam.
Add limited supply, low interest rates and nothing to spend your money on to that equation and we, quite rightly, are starting to rethink the work/life balance – about time!