With the next, now fourth corona wave, the home office will return.
In order to avoid contacts, the Federal Government is increasingly relying on employees to work from home more than before, whenever and wherever possible.
Does that also affect the real estate market?
The theory goes like this: Those who continue to work from home later on can take longer distances to their original work, want more living space - and move to the country. In practice, there is hardly any significant escape from the city: real estate prices continue to rise in urban areas, which can also be seen in Paris. The fact that the surrounding urban areas are also becoming more expensive in this country, if the transport connections are right, is more a result of the high prices in the center and less of home work.
But the retail trade has to tremble: With home office and corona restrictions, mobility and on-site shopping are likely to decrease.
For almost two years now, observers have been seeing a decline in retail property prices.
In addition to the growing online trade, admission restrictions are now putting further pressure on business owners who were actually just trying to recover from previous pandemic closings.
That hardly promises a peaceful Christmas season.