Hundreds are flocking back to London after more companies have put a stop to hybrid working.
The return to the capital is sparking bidding wars for properties, according to one of the UK’s leading agents.
Property expert, Nathan Khider revealed: “I have noticed a huge surge in interest in London flats this year as employees are having to work in the office 4-5 days a week.
“One of my flats valued at £800,000 received almost 30 viewings in just one day and was eventually sold in a bidding war.
“The clients viewing are those who used to live in London and moved out when work from home became the norm during the pandemic.
“They moved where property prices were cheaper and the way of life slower.
“Commuting 1-2 days a week was manageable but recent enforcements to encourage workers away from a hybrid-model has created this boom of interest in London flats.”
A recent survey revealed that nearly half of London workers will be returning to the office 5 days a week by the end of 2025, making commuting from countryside homes now unfeasible.
Rightmove reveals that London is the most searched-for location on the website, with fewer people considering relocating and more people than ever returning to city-life.
Khider currently has several flats on the market in London which have received enormous interest.
Nathan added: “We are inundated with viewings at the moment.
“A 2-bed property in Crane Grove, Islington, had 14 viewings on one day with all offers over the asking price of £1.2 million.
“The spacious, 1,025 square foot home has a private garden, open-plan kitchen and living area and Georgian features blended with modern aspects.
“Islington is a really popular area for young adults. It is well connected with good transport links to the city.
“Several people are looking to keep their larger homes outside of London and buy a smaller flat in the city as a place to stay during the working week.
“A one-bed flat on City Road, valued at £775,000, has received a lot of interest.
“The loft style apartment has high ceilings, a modern bathroom and fully fitted kitchen. Its location by Old Street Station has made it desirable for workers looking for a quick commute to central offices.
“I am expecting this property market boom to increase while more companies require workers back in the office.”
Nathan specialises in buying and selling some of London’s most unique and exclusive homes, working with high-profile clients across the entertainment and business industries.
Once homeless and living in his car, he left school at 15 without GCSEs before carving out a career in real estate and becoming a self-made millionaire.