House prices surge as demand for offices and gyms FALL OFF A CLIFF
January 6, 2021
We used to spend 17% of our budget on commuting, but Covid has made commuting impossible.
What will we do with that money? We will spend it on our homes – the place where we live, eat, sleep and now work.
What does this mean? Demand for office space is getting destroyed while residential demand is booming – along with all the brands that can feather your family’s nest.
UK house prices increased by 4.7% in the year to September 2020, up from 3.0% in August 2020.
As it is with offices, so it is with gyms. Demand for gyms is tanking by up to 10-30%. Home exercise equipment is one the rise.
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