{"id":748040,"date":"2024-02-04T11:00:00","date_gmt":"2024-02-04T09:00:00","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=748040"},"modified":"2024-02-02T14:50:24","modified_gmt":"2024-02-02T12:50:24","slug":"remote-work-is-changing-the-property-market-in-south-africa","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/property\/748040\/remote-work-is-changing-the-property-market-in-south-africa\/","title":{"rendered":"Remote work is changing the property market in South Africa"},"content":{"rendered":"\n<p>Remote work is set to be a defining trend in 2024, with it having a huge influence on home buying across the country. <\/p>\n\n\n\n<p>&#8220;The remote&nbsp;work&nbsp;phenomenon has transformed what people seek in a home. There&#8217;s a growing demand for properties that can accommodate home offices and offer a better&nbsp;work-life balance,&#8221; said Harcourts South Africa CEO Richard Gray. <\/p>\n\n\n\n<p>The rise in remote work has also led to increased interest in properties outside of the major traditional urban centres across the country. <\/p>\n\n\n\n<p>&#8220;We&#8217;re seeing a significant trend where buyers are opting for homes in quieter, less dense areas. These locations offer more space, which is a key consideration for a home office setup,&#8221; Gray said.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-businesstech wp-block-embed-businesstech\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"beb783MvWn\"><a href=\"https:\/\/businesstech.co.za\/news\/business\/745087\/work-from-home-not-going-anywhere-in-south-africa\/\">Work from home not going anywhere in South Africa<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Work from home not going anywhere in South Africa&#8221; &#8212; BusinessTech\" src=\"https:\/\/businesstech.co.za\/news\/business\/745087\/work-from-home-not-going-anywhere-in-south-africa\/embed\/#?secret=lihiPRjREz#?secret=beb783MvWn\" data-secret=\"beb783MvWn\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>He added that the functionality of a home has also taken on new importance, with home buyers looking for dedicated spaces for work, as well as high-speed internet connectivity. <\/p>\n\n\n\n<p>&#8220;A home&#8217;s ability to support a professional&nbsp;working&nbsp;environment is a crucial factor,&#8221; he explained.<\/p>\n\n\n\n<p>The change is not just a temporary response to recent events, such as the Covid-19 pandemic, but a long-term change in the housing market. <\/p>\n\n\n\n<p>&#8220;The concept of a &#8216;home&#8217; is evolving. It&#8217;s no longer just a place to live but also a place to\u00a0work. We anticipate this trend will continue to influence property preferences in the years to come,&#8221; Gray said.<\/p>\n\n\n\n<p>A recent survey of hundreds of professionals and job applicants in South Africa by Recruitment agency <a href=\"https:\/\/businesstech.co.za\/news\/business\/745087\/work-from-home-not-going-anywhere-in-south-africa\/\" target=\"_blank\" rel=\"noreferrer noopener\">Michael Page<\/a> showed that employees responded well to remote working. <\/p>\n\n\n\n<p>87% of respondents said that remote work did not reduce their working hours, while over 50% said that the felt even more motivated whilst remote working. <\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/01\/image-78.png\"><img loading=\"lazy\" decoding=\"async\" width=\"497\" height=\"370\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/01\/image-78.png\" alt=\"\" class=\"wp-image-745089\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/01\/image-78.png 497w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/01\/image-78-300x223.png 300w\" sizes=\"auto, (max-width: 497px) 100vw, 497px\" \/><\/a><\/figure><\/div>\n\n\n<p>Julien Raze, Director at Michael Page Africa, noted that \u201ctop talent will also consider what flexible work arrangements companies can offer.\u201d<\/p>\n\n\n\n<p>\u201cNow more than ever, candidates need to be convinced they are making the right decision for themselves and their family,\u201d he added.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>Read<\/strong>: <a href=\"https:\/\/businesstech.co.za\/news\/property\/746101\/iconic-shopping-centre-up-for-sale-in-one-of-south-africas-richest-areas\/\" target=\"_blank\" rel=\"noreferrer noopener\">Iconic shopping centre up for sale in one of South Africa\u2019s richest areas<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Employees are responding well to working from home, with many looking for properties that support this new way of life. <\/p>\n","protected":false},"author":95,"featured_media":748048,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12755],"tags":[11875,26,12214],"class_list":["post-748040","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property","tag-harcourts","tag-headline","tag-robert-walters"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/748040","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/95"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=748040"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/748040\/revisions"}],"predecessor-version":[{"id":748306,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/748040\/revisions\/748306"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/748048"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=748040"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=748040"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=748040"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}