- Location
- Scottish Highlands
Not quite sure where to put this but I was listening to an interview with someone from (I think) the Abbey National Building Society about mortgages and property values on R4 this morning. He mentioned that the property market is changing and I believe he is absolutely right. And it will not just be property values that are changing.
For the most part, people do not like change but when they are forced to change they become aware of new possibilities and better solutions. This pandemic has forced people who have previously been 9to5ers to work from home. They have discovered that it is not just acceptable but encouraged. Their homes are no longer just somewhere to spend nights and weekends that need to be within x miles of the office but places to live and enjoy 24/7. That is going to put home ownership in a completely different category. Why live in the city if you don't want to when you can own a country property with a pony paddock and nice views?
Yesterday, it took me 12 hours to upload a 15 minute video. My upload speed is 0.70Mb/s. So I have been battling with my internet providers and that is all I am going to get for the immediate future. But I am told I could have 40Mb/s quite soon if I paid (through the nose) for it. So faster speeds are coming and prices will come down. Working from home will be the norm for many people in the future, if it isn't already. Distance which has been measured by the time it takes to get into the office will in the future be measured by the speed of communication. Some are doing this already, but I suspect it could really take off post C-19 and a lot of values are going to change dramatically.
For the most part, people do not like change but when they are forced to change they become aware of new possibilities and better solutions. This pandemic has forced people who have previously been 9to5ers to work from home. They have discovered that it is not just acceptable but encouraged. Their homes are no longer just somewhere to spend nights and weekends that need to be within x miles of the office but places to live and enjoy 24/7. That is going to put home ownership in a completely different category. Why live in the city if you don't want to when you can own a country property with a pony paddock and nice views?
Yesterday, it took me 12 hours to upload a 15 minute video. My upload speed is 0.70Mb/s. So I have been battling with my internet providers and that is all I am going to get for the immediate future. But I am told I could have 40Mb/s quite soon if I paid (through the nose) for it. So faster speeds are coming and prices will come down. Working from home will be the norm for many people in the future, if it isn't already. Distance which has been measured by the time it takes to get into the office will in the future be measured by the speed of communication. Some are doing this already, but I suspect it could really take off post C-19 and a lot of values are going to change dramatically.