The current crisis had an impact all over the world. Unemployment levels rose, and many businesses struggled. Therefore it is no great surprise that the real estate market was also affected. However, we are beginning to see an interesting development with lockdown changing people’s attitudes to where they are working and living. In addition to that, people can now envision great conditions to work from home.
As people only have to travel to the office a small number of times, the long commute that people despised beforehand became somewhat insignificant. Therefore, businesses had to adopt a mixed work environment, which could be a lasting effect of the pandemic.
Consequently, we expect to begin to see a rise in people looking for homes outside of towns and city centers. As a result, without factor in travel time, the idea of being able to afford a larger house further away from the office has become much more appealing now than a shoebox in the city center for the same price.
With people spending more time at home, people turned to the internet seeking distractions. For instance, online shopping skyrocketed. People also flocked to the internet also to shop for essential goods, like groceries and pharmaceuticals.
For this reason, companies must invest in a good customer support service. Their teams must be ready to handle all kinds of requests coming from customers.