Speaker
Description
Remote work, teleworking or working from home is usually defined as a flexible work arrangement that allows employees to do their jobs outside the designated office area (Brynjolfsson et al., 2023). This shift, had profound implications for the real estate market, particularly in housing prices and the spatial preferences of households (Mondragon and Wieland, 2022). Between 2019 and 2021, housing prices in the European Union increased by 16.6% (eurostat, 2024), while the United States experienced a record-breaking 23.8% rise in house prices during the same period (Mondragon and Wieland, 2022). These figures highlight the changes occurring in housing demand as more households adapt to remote work environments (Stanton and Tiwari, 2021). This research aims to explore the evolving link between remote work and the real estate market by focusing on three main objectives. (1) The first one is analyzing the scientific output in this field through content analysis. (2) The second one is identifying the main drivers in terms of scientific production. (3) Finally, the third objective is investigating the connection between working remotely and the recent surge of house prices through co-word analysis, utilizing a cluster map. For this study we found 55 articles, published between 2021 and February 2025, that were part of the Web of Science or Scopus database and we analyzed them in VosViewer. For our first objective, we observed that scientific papers peaked in 2023 at 21 papers. For the second objective, we identified two countries that stand out regarding the number of articles published on the matter of the impact of remote work on housing prices, United States of America and South Korea. In Europe, one of the most prolific countries when it comes about publishing is Albania. For our third objective we used a co-word analysis for both the abstract and the title. Through this analysis we could easily observe that: COVID, pandemic, impact and home, were repeated most articles.
Bibliography
Barrero, Jose Maria, et al. “Why Working from Home Will Stick.” SSRN Electronic Journal, vol. 28731, Apr. 2021, https://doi.org/10.2139/ssrn.3741644.
Brynjolfsson, Erik , et al. “How Many Americans Work Remotely? A Survey of Surveys and Their Measurement Issues.” National Bureau of Economic Research, vol. 31193, May 2023, https://doi.org/10.3386/w31193.
Eurostat. “Housing Price Statistics - House Price Index.” Ec.europa.eu, 2023, ec.europa.eu/eurostat/statistics-explained/index.php?title=Housing_price_statistics_-_house_price_index.
Mondragon, John, and Johannes Wieland. “Housing Demand and Remote Work.” Federal Re-serve Bank of San Francisco, Working Paper Series, 26 May 2022, pp. 01-61, https://doi.org/10.24148/wp2022-11.
Stanton, Christopher T., and Pratyush Tiwari. “Housing Consumption and the Cost of Remote Work.” National Bureau of Economic Research, vol. w28483, Feb. 2021.
