Location, location, location has always been the mantra when it comes to real estate investing. However I’m here to tell you that the new mantra is Space, Space, Location.
Why? Because today people want balconies, terraces and gardens after becoming so accustomed to spending time at home.
Also, most professionals have increasingly found themselves working from home, which has reduced the need to travel to an office.
What does this mean for investors? Well, the premium for location has gone down in favour of the premium for space.
How long will this last? I’d say around 5 years.