While markets speculate on the degree of permanence of changes that have occurred in response to the coronavirus pandemic, research firm Capital Economics states that it believes a little over 20% of office workers will still be working from home in the US in 2022, with a further 30% doing so at least one day per week.
The firm said in its recent report Global Property Focus – The Outlook For Housing in a Post Covid World , that prior to the coronavirus the effects of extended home working were not well understood by most businesses.
“But due to the coronavirus response, the last six months have been a largely successful live experiment in home working,” the report’s authors, property economists Matthew Pointon and Hansen Lu state. They add that this has broken down the barriers to a more remote workforce.
The report points out that, in the UK, Eurostat data show that 4.7% of employed persons reported home as their main place of work in 2019, while in the European Union the figure was 5.3%.
By June of this year the figure ranged from around 60% in the UK, Belgium, Spain, France and the Netherlands and about 40% in Germany.
“After the direct effects of the pandemic subside, we expect to see a permanent shift toward more working from home,” Capital Economics adds.