Quality of life to drive decision making in real estate
Urban real estate planning of the future will be increasingly based on people's desire to enhance their quality of life.
A new survey run by CBRE, which involved more than 20,000 people worldwide, has revealed that wellbeing, location, ESG and hybrid working will significantly influence real estate decisions from now on. The majority of survey respondents (67 percent) based in Europe told CBRE that they want shorter commute times, and 54 percent want their official places of work to be in better, more convenient locations. Across Europe, 32 percent of respondents are planning on moving in the next two years, and 42 percent of that group are planning to relocate closer to urban cores.
The consultancy says this is contrary to "the narrative seen throughout the pandemic", which suggested that migration to the suburbs would be a strong factor behind residential planning decisions and demonstrates the ongoing desire to be based near city centres, particularly for younger ge