Staff are leaving their metropolis lives behind in favour of recent lives by the coast throughout and after the Covid-19 pandemic, evaluation of 300 places from Worldwide Office Group has discovered.
Coastal places together with Cardiff (50%), Fareham (46%), Liverpool (46%), Aberdeen (29%) and Exeter (19%) have seen main will increase in footfall over the previous two years, suggesting they could possibly be sturdy places for property buyers.
In 2024, the costs of coastal properties surged at a charge 5 instances better than the nationwide common for property costs, at 4.2% versus 0.8%
Mark Dixon, chief govt of Worldwide Office Group, mentioned: “Hybrid working has reshaped the place and the way individuals select to dwell and work.
“Free of the necessity to commute right into a metropolis centre HQ 5 days per week, many workers are actually relocating to coastal cities that had been beforehand out of attain.
“This shift just isn’t solely bettering high quality of life for workers but in addition delivering an financial enhance to those communities as new residents carry spending energy and demand for companies.”
“At IWG, we’re seeing sturdy development in demand for versatile workspaces in coastal and regional places. Our community continues to increase to assist hybrid companies seeking to drive productiveness, scale back prices, and allow their groups to work wherever they’re simplest.”
For coastal staff flexibility is significant to job satisfaction, with 83% saying they’d search for a brand new job if they’d much less flexibility or had been mandated again to a central workplace 5 days per week (78%).
IWG’s coastal community has grown considerably lately to assist meet the demand for seaside working.
In 2024 it opened 24 new places inside two miles of the ocean, together with Margate, Dundee, Southampton, Banff, Ellesmere Port and Birkenhead.
