Working from home? Remote work changing SA’s property market

It’s been years since the Covid-19 shutdown, but according to BusinessTech, remote work is still one of the biggest trends of 2024. And it’s reportedly changing the property market in a big way.

REMOTE WORK IS CHANGING THE SOUTH-AFRICAN PROPERTY MARKET

While semigration has its effects on the local property market, home offices are radically changing the property market, BusinessTech reports.

“The remote work phenomenon has transformed what people seek in a home. There’s a growing demand for properties that can accommodate home offices and offer a better work-life balance,” Harcourts South Africa CEO Richard Gray told the publication.

And while remote work offers workers the opportunity to work from anywhere, this also means that more people are looking for property outside of major cities across the country.

As Gray explains, more buyers are opting for more spacious homes with ample office space in quieter, less dense areas.

According to the KPMG 2023 CEO Outlook, 72% of Southern African CEOs want employees to return to the office within the next three years. 28% of CEOs prefer the hybrid or remote way of working.

AVAILABLE HOMES WITH OFFICE SPACE

Here’s a look at properties with office space available across the country.

JOHANNESBURG

This five-bedroom home in Oakdene is available for R2.95 million. Apart from the spacious rooms, according to RE/MAX, there is also a study and additional lounges, including private, family, and main lounges. The home also includes a spacious 80m2 flatlet with a bedroom, a bathroom, a super-sized kitchen, and a lounge.

There are four garages, driveway parking for another four cars, a large storeroom under the home, staff accommodation, manicured gardens, and a swimming pool.

This property has ample work-from-home options. Images: RE/MAX.

DURBAN

Are you looking for a home with a home office in Durban? This four-bedroom property in Durban North will cost you only R1.6 million and has two studies. As per Tyson Properties, the home has three bathrooms (two are en-suite), an expansive granite kitchen, two lounges, and an upstairs balcony just off the main bedroom.

The house is fully conditioned and fitted with an alarm system, a fiber connection, two carports, a braai area, and a rock pool with a water feature.

This Durban home has ample workspace. Image: Tyson Properties.

PRETORIA

This three-bedroom property in Waterkloof Park can be yours for R2. 2million. As per Private Property, the home has an open plan kitchen fitted with granite tops and a separate washing room, dining room, enclosed patio area with built-in braai with a serving hatch into the kitchen, two bathrooms, two garages, and a study corner.

An added bonus is the 5Kv invertor.

CLICK HERE TO READ MORE ARTICLES BY MARIETTE VAN NIEKERK