The pandemic has revived the building plots market

Remote work has opened up new opportunities for employers and candidates, which is also used by the real estate industry. According to the Michael Page survey, 15 percent of employees have moved for pay reasons since the beginning of the pandemic. Another 19 percent plan to change the place of residence in the next 12 months.

"An important element of the impact of remote work on the real estate market is the very high demand for building plots. Poles are looking for new areas in search of a place where they can relax, away from the noise of the urban agglomeration. According to OtoDom, in May 2021, traffic in service in the ‘houses’ category was 42 percent higher than in the same period a year earlier. In turn, plots for sale were searched for as much as 80 percent more often than in 2019. Of course, increased customer interest translates into rising prices of construction land, nevertheless this does not discourage people who decide to change their lifestyle, possible thanks to a flexible approach to work,” Marlena Szafron-Lejman, Manager at the recruitment company Michael Page, said.

In her opinion, young people do not want to limit themselves to long-term obligations, they willingly travel and work outside their place of residence, thanks to which the demand for long-term rental of real estate is gradually increasing.

(WBJ)