The Impact of Remote Work on Real Estate
The mandatory stay-at-home measures brought about by the outbreak of the Covid-19 pandemic last year forced employers to shut down their offices and send their employees to work from home. This situation had two results. Firstly, it demonstrated that remote work is possible for a considerable number of professions. Thus, anyone who possibly could work from home did so. And secondly, as a consequence, the real estate market practically halted. Of course, it is not only the commercial aspect of the real estate industry that has suffered a blow. It was also residential since viewings stopped and deal closings were delayed. [...]