As activity resumes in global property markets, changes to the way people lived and worked during the lockdown are already affecting buyer preferences, says Pam Golding Property group chief executive Andrew Golding.
Citing the Savills Global Market Sentiment Survey, he says respondents in 33% of markets are reporting increased interest from buyers looking to upsize their main residence.
Urban centres, such as Sydney, Rome and Monaco reported increased interest in upsizing, particularly as residents probably endured lockdown periods in smaller spaces.
Across the prime London market, 97% of Savills agents report increased demand for homes with a garden or outdoor space; 82% increased demand for a separate place to work from home and 71% proximity to a local park, Golding says.
This desire for space has also caused owners in central London to look to outer London locations, particularly across the prime west and south-west markets.