Inside Lionel Messi’s Worldwide Real Estate Portfolio

Inside Lionel Messi’s Worldwide Real Estate Portfolio

As the recipient of seven Ballon d’Ors–the most granted to any single individual in the award’s history–professional soccer player Lionel Messi is considered by many to be one of the most talented footballers to ever step on the pitch. In the FIFA sphere, that massive level of prestige comes with a corresponding degree of hefty profits. The Argentinian sportsman, who spent two decades playing for Barcelona (where he scored a record number of goals for a single club) up until his switch to Paris Saint-Germain last year, was named Forbes’s number one highest-paid athlete in 2019 and 2022.

Messi has certainly put that money to use, collecting a fleet of luxury cars, vacationing in $10,000-a-night rental properties, building a hotel empire, and of course, investing in a number of luxury properties. Below, we outline some of the impressive real estate dealings that the soccer star has made throughout his career.

2009

For over a decade, Messi’s primary residence was the Barcelona-adjacent abode that he paid $2 million for in 2009, which was also around the time he won his first Ballon d’Or. Located in Castelldefels, an exclusive coastal city about 15 miles from the Catalonian capital, the estate has a current estimated value of $7 million. The legendary athlete and his wife, Antonela, invested millions of dollars into the property, including the purchase of an adjacent plot of land (reportedly, he bought out his neighbor’s house because they were too loud).

The large private compound hosted a gym, spa, theater, pool, a large terrace for lounging and barbecuing, and a personal-sized soccer field to practice and play on with his three young children and his huge French Mastiff named Hulk. Inside, the modern home was decorated in cozy neutrals and boasted views of the Mediterranean Sea and the Catalan hills from its numerous terraces and sprawling floor-to-ceiling windows. The mansion was conveniently located only 12 miles from Camp Nou, the FC Barcelona soccer stadium. Due to environmental restrictions, the property was in a no-fly zone, providing an added bonus of privacy and serenity for the famous athlete.

It is not entirely clear if Messi still owns the home or sold it following the end of his contract with Barcelona.

2017

In 2017, when Messi made his record-breaking 366th goal for Barcelona, he also began his money-making venture as a hotelier. He reportedly spent $30.5 million on his first hotel, a four-star beachside property in Sitges, Catalonia, about 24 miles from his Barcelona home. The modern structure built in 2013 offers 77 rooms, a full-service spa, and a luxe rooftop bar and swimming pool with panoramic views.

Over the years the soccer player has continued to invest in a growing lineup of lodges under the name MiM Hotels by Majestic Hotel Group. To date, the chain has acquired five boutique properties across Spain and an upcoming resort in Andorra set to open in 2023.

2019

In 2019, Messi put down roots in the US with the $5 million purchase of an oceanfront condo in Sunny Isles Beach, Miami. Spanning 3,555 square feet, the three-bedroom and four-and-a-half bathroom dwelling is located in the Porsche Design Tower, a 2016-built luxury condo rising 60 stories with a glass car elevator that allows its residents to access their vehicles without exiting their living quarters, making for a coveted element of privacy for high-profile tenants. 

How Real Estate Agents Are Using QR Code Technology To Simplify The Home-Buying Experience

How Real Estate Agents Are Using QR Code Technology To Simplify The Home-Buying Experience

The popularity of QR codes have seen many ups and downs over the course of its almost 30-year existence, but with the need for contact-less menus and transactions during the pandemic, barcode technology is coming back in a big way. From 2018-2020, QR code usage has increased by 96{0cd64a0a8f98edc6e1a333a4649a39f4fde229418ea626ab6b5ac18b9de2691d} and many of the top real estate brokerages across the globe have taken notice.

With internet listings now being the primary means for home searches, the ease of use and speed of QR codes have made this once-forgotten technology more valuable than ever.

Here’s how top agents are using this simple yet effective tool to connect with clients.

Straightforward Listings

Previously, one of the main drawbacks of QR codes was entire segments of the population unaware of how the technology worked, but that has drastically changed since the pandemic says Chris Morrison, co-founder of RETSY. “I went to a restaurant with my mother, who is not a tech-savvy person, and I watched her easily scan a QR code to order a drink. I realized then that a lot more people must know how to use this technology than before.”

It was this realization that helped lead Morrison to start RETSY and develop the proprietary technology that would define the Scottsdale-based brokerage. “We use QR codes on almost every listing. What it does is give the consumer easy access to the information they want without all the extra trouble. No agents nagging you for months, no 1-800 recordings, no empty flier boxes. Just scan and you’ve got everything you need.”

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For Tracey Atkins, a director at Private Property Global, QR codes not only make listings easier to access but also more enticing. By removing unnecessary text from listing advertisements, Atkins says that “we look less like we’re selling a home on the market and more that we’re telling a home to the market.”

The Melbourne-based marketing specialist added, “all we use is the image, the address and a QR code, and that leads them to a video where they can get a deeper level of understanding and engagement.”

Tried and True Methods Meet Modern Technology

Most agents have learned that sometimes traditional means of connecting with clients, like newspaper ads, billboards and cards, can work the best. However, for Catherine Bassick of Bassick Real Estate Advisors, adding a little update to these methods can make all the difference.

“I send out postcards about properties coming to the market and also those recently sold and I include a QR code to enable folks to get right to the property website instead of having to find it through several steps.”

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Atkins says that PPG utilized QR codes alongside more classic advertising strategies when marketing the renowned Melbourne mansion Namarong. “We did a large campaign that included using QR codes through a national newspaper which was a powerful way to leverage that media and an opportunity for further storytelling.”

Agent Intel, With Ease

The ease of QR codes doesn’t just apply to home buyers but to agents as well, says Morrison. “When someone sees a property they like, they can scan the real estate sign and now we, as agents, can show them not only that property but others similar to it. We’re trying to make the perfect ecosystem for our agents.”

By using technology like QR codes, Morrison says that RETSY has been able to draw in some of “the top performing luxury agents who know that the tools we provide give us an advantage over any type of competition.”

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The head of the Morrison Team added that the data gathered from QR codes is used for real estate and real estate only.

“A lot of companies give out QR codes so they can scrape your information, but with our system, it’s a closed loop, and it’s designed just for the real estate agents.”

Creating A Personnel Connection

In addition to connecting home buyers with listings, Jim Dolan, owner of CDR San Miguel, says the scannable technology also aids in marketing his brokerage and himself.

“We put QR codes on the back of our cell phones. It’s great, I’ll be at a conference or socializing and someone will ask for a business card and all I have to do is flip my phone over and they instinctively know what to do.”

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The luxury broker continued that, unlike physical business cards, digital cards are more likely to remain in the hands, or phones, of potential clients. “Most of the time you get these cards and they end up in a stack in your closet. But with QR codes, my information goes directly into their phones, and that’s a big thing for us.”


CDR San Miguel, Private Property Global and RETSY are exclusive members of Forbes Global Properties, a consumer marketplace and membership network of elite brokerages selling the world’s most luxurious homes. Search the latest luxury listings here.

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China property stocks surged amid warnings of weak reality, high expectations

China property stocks surged amid warnings of weak reality, high expectations

China’s housing prices fell in October due primarily to falling prices in less developed, so-called Tier-3 cities, according to Goldman Sachs analysis of official data.

Future Publishing | Future Publishing | Getty Images

BEIJING — China’s real estate sector isn’t yet poised for a quick recovery, despite a rally this month in stocks of major property developers.

That’s because recent support by Beijing don’t directly resolve the main problem of falling home sales and prices, analysts say.

related investing news

Stocks could rally as much as 20{0cd64a0a8f98edc6e1a333a4649a39f4fde229418ea626ab6b5ac18b9de2691d} in 2023, predicts Wharton's Jeremy Siegel

CNBC Pro
Stocks could rally as much as 20{0cd64a0a8f98edc6e1a333a4649a39f4fde229418ea626ab6b5ac18b9de2691d} in 2023, predicts Wharton’s Jeremy Siegel

Last week, property developer stocks surged after news the central bank and banking regulator issued measures that encouraged banks to help the real estate industry. It comes alongside other support measures earlier this month.

Shares of Country Garden, the biggest Chinese developer by sales, have more than doubled in November, and those of Longfor have surged by about 90{0cd64a0a8f98edc6e1a333a4649a39f4fde229418ea626ab6b5ac18b9de2691d}. The stocks have already given back some of this month’s gains.

Meanwhile, iron ore futures surged by about 16{0cd64a0a8f98edc6e1a333a4649a39f4fde229418ea626ab6b5ac18b9de2691d} this month — Morgan Stanley analysts say about 40{0cd64a0a8f98edc6e1a333a4649a39f4fde229418ea626ab6b5ac18b9de2691d} of China’s steel consumption is used in property construction.

The situation is one of “strong expectations, but weak reality,” and market prices have deviated from the fundamentals, Sheng Mingxing, ferrous metals analyst at Nanhua Research Institute, said in Chinese translated by CNBC.

Sheng said it’s important to watch whether apartments can be completed and delivered during the peak construction period of March and April.

This really is a temporary relief in terms of the developers having to meet less debt repayment needs in the near future…

The new measures, widely reported in China but not officially released, stipulate loan extensions, call for treating developers the same whether they are state-owned or not and support bond issuance. Neither regulator responded to CNBC’s request for comment.

“This really is a temporary relief in terms of the developers having to meet less debt repayment needs in the near future — a temporary liquidity relief rather than a fundamental turnaround,” Hong Kong-based analyst Samuel Hui, director, Asia-Pacific corporates, Fitch Ratings, said Wednesday.

“The key is that we still need the fundamental underlying home sales market to improve,” he said, noting homebuyer confidence relies on whether developers can finish building and delivering apartments.

Earlier this year, many homebuyers refused to continue paying mortgages on apartments when construction was delayed. Homes in China are typically sold ahead of completion, generating a major source of cash flow for developers.

A drawn-out recovery

Analysts differ on when China’s property market can recover.

Fitch said a timeline “remains highly uncertain,” while S&P Global Ratings’ Senior Director Lawrence Lu expects a recovery could occur in the second half of next year.

“If this policy is implemented promptly, this will stop the downward spiral to the developers, this will help to restore the investors’ confidence [in] the developers,” he said.

Residential housing sales for the first 10 months of the year dropped by 28.2{0cd64a0a8f98edc6e1a333a4649a39f4fde229418ea626ab6b5ac18b9de2691d} from a year ago, the National Bureau of Statistics said last week. S&P Global Ratings said in July it expects a 30{0cd64a0a8f98edc6e1a333a4649a39f4fde229418ea626ab6b5ac18b9de2691d} plunge in sales for 2022, worse than in 2008 when sales fell by about 20{0cd64a0a8f98edc6e1a333a4649a39f4fde229418ea626ab6b5ac18b9de2691d}.

A slowdown in economic growth, uncertainty about ongoing Covid controls and worries about future income have dampened appetite for buying homes.

Much burden is on China despite its rules-based system: World Bank

Adding to those worries are falling prices.

Housing prices across 70 cities fell by 1.4{0cd64a0a8f98edc6e1a333a4649a39f4fde229418ea626ab6b5ac18b9de2691d} in October from a year ago, according to Goldman Sachs analysis of data released Wednesday.

“Despite more local housing easing measures in recent months,” the analysts said, “we believe the property markets in lower-tier cities still face strong headwinds from weaker growth fundamentals than large cities, including net population outflows and potential oversupply problems.”

The report said housing prices in the largest, tier-1 cities rose by 3.1{0cd64a0a8f98edc6e1a333a4649a39f4fde229418ea626ab6b5ac18b9de2691d} in October from September, while Tier-3 cities saw a 3.9{0cd64a0a8f98edc6e1a333a4649a39f4fde229418ea626ab6b5ac18b9de2691d} drop during that time.

About two years ago, Beijing began to crack down on developers’ high reliance on debt for growth. The country’s most indebted developer, Evergrande, defaulted late last year in a high-profile debt crisis that rattled investor confidence.

Worries about other real estate companies’ ability to repay their debt have since spread to once-healthy developers.

Trading in shares of Evergrande, Kaisa and Shimao is still suspended.

Read more about China from CNBC Pro

While Covid controls have dragged down China’s growth this year, the real estate market’s struggles have also contributed significantly.

The property sector, including related industries, accounts for about a quarter of China’s GDP, according to analyst estimates.

“I think the real estate sector will become lesser of a drag to the economy in 2023,” Tommy Wu, senior China economist at Commerzbank AG, said Wednesday.

“It is too early to tell whether the measures rolled out so far will be enough to rescue the real estate sector,” he said. “But it feels more assuring now because it seems more likely that more forceful measures will be rolled out if the real estate downturn still doesn’t turn around meaningful in the coming months.”

A longer-term transformation

Ultimately, China’s real estate industry is undergoing a state-directed transformation — to a smaller part of the economy and a business model far less reliant on selling apartments before they’re completed.

The property market has shrunk by roughly one-third compared to last year, and will likely remain the same size next year, S&P’s Lu said.

State-owned developers have fared better during the downturn, he pointed out.

In the first three quarters of the year, Lu said sales by state-owned developers fell by 25{0cd64a0a8f98edc6e1a333a4649a39f4fde229418ea626ab6b5ac18b9de2691d}, compared to the 58{0cd64a0a8f98edc6e1a333a4649a39f4fde229418ea626ab6b5ac18b9de2691d} sales decline for developers not owned by the state.

And despite recent policy moves, Beijing’s stance remains firm in dissuading home purchases at scale.

Whether it’s messaging from the National Bureau of Statistics or the People’s Bank of China, official announcements this month reiterated that houses are for living in, not speculation — the mantra that marked the early beginnings of the real estate market slump.

Chinese property giant Evergrande has a huge debt problem – here's why you should care

7 tips to engage your real estate sphere of influence

7 tips to engage your real estate sphere of influence

Any agent doing work in today’s market is aware of, that despite the ongoing struggles, you nonetheless have to carry in new organization somehow. For new agents who have not seasoned a down current market ahead of, this can appear especially scary. 

Fortunately, market veteran Kristin Inexperienced, sat down with RealTrends to examine her most effective procedures for achieving her sphere of impact that are foolproof even in a down sector.

Green is an agent and broker environment documents in Florida real estate. In 2020 she was the #1 agent in Orlando for all Coldwell Banker workplaces and in 2021 she did around $30 million in quantity. These stats do not take place right away, as she can inform you. Eco-friendly goes the additional mile to secure her report-higher generation level and achieve her sphere of affect as generally as possible. 

1. Make a brand name

“I like to have fun. My purchasers like to have enjoyment. So, I try and retain every thing fascinating and a celebration,” mentioned Inexperienced. Any superior model will reflect your values and priorities, for Eco-friendly that signifies producing a manufacturer that focuses on exciting. 

Just after several years of expertise in the field, homebuyers and sellers in Florida know to transform to her if they want to make their transaction a exciting just one. The pleasure of the working experience of getting and providing a property has turn into Green’s manufacturer. For Inexperienced, enjoyable is an critical element of the sport. 

2. Fulfill a single on a single

Primarily in a down marketplace, assembly facial area-to-deal with with clients can be the instant that wins you their company in excess of an additional agent. 

“I consider our customers want us to be sincere with them about wherever the current market is at,” Eco-friendly reported. “I go back again to the basics. I meet just one on just one with opportunity customers to enable guide them by way of their unique journey. I consider being targeted on our purchasers is in which we are heading to be most effective. Being available, consistent and owning the consumers’ greatest curiosity at coronary heart is what is likely to generate us the trust to keep on representing them as we navigate these new waters.”

3. Acquire hazards

“I am very liberal with my risks,” stated Green. 

For her business enterprise, Environmentally friendly has hosted competitions, parties and even a ‘big head’ contest that prompted individuals to choose photographs with lower-outs of Green’s own deal with. Some of these pitfalls haven’t paid out off for her quickly, but even years down the highway, they make her company unforgettable. Inexperienced explained the threats she takes as, “Always stunning individuals. They like the creativity and they like recognizing you will do regardless of what it takes— in a superior market or lousy —to aid them acquire or promote their dwelling.”

4. Be artistic

When brainstorming techniques to get to your sphere of influence, creativeness can be vital. 

“Anyone that is aware of me appreciates that I have finished some off-the-wall things to generate my client’s organization,” said Green. 

Even though holding all concepts in line with your brand, recall to have fun with it and embrace creative imagination like Green in purchase to seize your client’s awareness. Buying and offering a residence is a major selection, and performing with a inventive agent who can make the experience a fun one is crucial to some homebuyers and sellers. 

5. Be reliable

“I consider when you aren’t currently being genuine to who you are as a man or woman and as a model you shed trustworthiness with your sphere of impact,” claimed Environmentally friendly. 

Authenticity can be a wrestle as far more and far more agents rely on automation to run parts of their organization. But, if you dial in and concentration on building articles and messaging that matches your personality and your model, then even your automatic procedures can occur across as authentic. 

6. Have all the information and facts

Homebuyers and sellers can glimpse up just about everything on the net, so you have to get them turning to you for their facts alternatively of other sources. 

“Becoming a concierge of details and support is so vital. You will be their go-to for all things— like genuine estate,” Eco-friendly said. 

7. Develop traditions

Inexperienced returns to some of her outreach concepts once more and yet again. Her go-to strategies are a Xmas time “Grinching” outing wherever “My 9-year-previous attire up as The Grinch and my 5-calendar year-previous is Cindy Lou Who,” Green discussed.

 “We produce Grinch-themed present baskets and wish everyone a content vacation,” she ongoing. “We want our clientele to know how essential they are not just to me, but my family.” 

When you produce a tradition that consumers can depend on year following 12 months, it creates a feeling of protection and closeness that translates nicely to your organization. 

Next some or all of Kristin Green’s guidance when it will come to reaching your sphere of influence could be the boost your organization wants in this down sector. No matter the marketplace conditions, there will normally be people today in need to have of a new home, and they’ll will need you to tutorial them by the procedure. 

Airbnb aims to convince more people to rent out their homes

Airbnb aims to convince more people to rent out their homes

Convinced that the boom in leisure travel is permanent, Airbnb aims to expand its listings by convincing more people to turn their homes into short-term rentals.

The company said Wednesday that it will increase the amount of liability coverage for hosts, up to $3 million, in a play for owners of nicer houses in high-cost places such as California. It will also pair newbies with a “superhost” to guide them through the process of becoming a short-term landlord, from signing up through welcoming their first guest.

More listings would not seem to be Airbnb’s biggest challenge.

CEO Brian Chesky says the San Francisco company is taking steps to make price more transparent when consumers browse Airbnb listings, and he predicts that will reduce sky-high cleaning fees that many hosts tack on well into the booking process — a major complaint of consumers.

The company also continues to try to crack down on large parties at rentals, a few of which have turned violent. And it faces efforts to increase regulation of short-term rentals.

Through it all, Airbnb has fared better than most travel companies during the pandemic. This month, it reported a record $1.21 billion profit for the third quarter. Its stock fell, however, because earnings and bookings were less than Wall Street expected and the company gave a cautious fourth-quarter outlook.

Investors worry that consumers paying more for food, gas and housing — and facing predictions of recession — will cut back on discretionary spending like travel, hurting Airbnb.

Some current hosts are worried that might already be happening. Last month, a post on a Facebook page for Airbnb “superhosts” asked, “Has anyone seen a huge decrease in bookings over the last 3 to 4 months? We went from at least 50{0cd64a0a8f98edc6e1a333a4649a39f4fde229418ea626ab6b5ac18b9de2691d} occupancy to literally 0{0cd64a0a8f98edc6e1a333a4649a39f4fde229418ea626ab6b5ac18b9de2691d} in the last two months.”

Other hosts on social media have suggested theories ranging from a fragile economy to pent-up travel demand finally running out, and some think the problem might be that Airbnb already has too many listings.

Chesky said in an interview that Airbnb has enough hosts now — he didn’t say it has too many — but needs more because leisure travel will keep growing. And, he said, a recession could push more people to turn their homes into Airbnbs. After all, he likes to point out, Airbnb launched during the great recession in 2008.

“People are pulling back spending in tons of areas, but not travel,” he said. “And with a looming recession, we felt like more people than ever are going to want to make extra money.”

Potential hosts sometimes hesitate, Chesky said, because they are uncomfortable having strangers in their homes. The company’s response is to triple the amount of coverage for hosts — from $1 million to $3 million — against damage, including to vehicles, boats and a wider range of art on the property.

Chesky is betting that will persuade more owners of nice homes to list them on Airbnb.

“Exactly, and home values have increased since we wrote the $1 million plan,” he said. “We just noticed more than 20{0cd64a0a8f98edc6e1a333a4649a39f4fde229418ea626ab6b5ac18b9de2691d} of the homes on Airbnb, and maybe even more than that, were over the $1 million limit in value.”

The company said it is also launching a system to verify the identity of guests and flag potential parties, immediately in the U.S. and Canada and worldwide by next spring. Chesky said the system is “not a silver bullet,” and he didn’t provide many details but said in the U.S. it will include a check of criminal and sex-offender records.

In the meantime, the company is working on a plan to display the all-in price of a stay up front on its app and website — an amount that would include cleaning fees, which can be very high and only appear later in the booking process.

Chesky said he didn’t want to bar or cap cleaning fees — that’s a decision for hosts, he said. But including fees in the upfront price — and in the order in which search results are displayed — “is going to correct the market,” he said.

This story was originally published November 16, 2022 8:00 AM.

EY Future Workplace Index reveals surprisingly rosy attitudes on commercial real estate investment despite economic tightening

EY Future Workplace Index reveals surprisingly rosy attitudes on commercial real estate investment despite economic tightening

Index finds that 58{0cd64a0a8f98edc6e1a333a4649a39f4fde229418ea626ab6b5ac18b9de2691d} of US C-suite and business leaders will invest in real estate decision-making amid the current inflation and interest rate environment 

NEW YORK, Nov. 16, 2022 /PRNewswire/ — Ernst & Young LLP (EY US) today announced the launch of its second annual EY Future Workplace Index (the Index), which tracks executive sentiment and behavioral data around the workplace of the future. The survey reveals surprisingly optimistic attitudes from company leadership on real estate investment despite economic tightening.

The US economy is undeniably cooling, and a recession is anticipated in 2023. However, regardless of investment decisions, the macroeconomic outlook is forcing leaders to scrutinize their office portfolios from a new perspective. Amid the current inflation and interest rate environment, the Index found that just 33{0cd64a0a8f98edc6e1a333a4649a39f4fde229418ea626ab6b5ac18b9de2691d} of US C-suite business leaders will downsize their investment in commercial real estate, while 58{0cd64a0a8f98edc6e1a333a4649a39f4fde229418ea626ab6b5ac18b9de2691d} say they will invest in commercial real estate, which could include enhancing or expanding the real estate footprint.

“The economic downturn will force leaders to make important decisions regarding their real estate portfolios — from investments, to space optimization, to workforce models,” says Mark Grinis, EY Americas Real Estate, Hospitality & Construction Leader. “Employers are beginning to understand that they need to earn the commute time of their employees, and many are investing in the ‘office of the future’ to achieve this.”

The latest EY Future Workplace Index also reveals the following:

  • More than 70{0cd64a0a8f98edc6e1a333a4649a39f4fde229418ea626ab6b5ac18b9de2691d} of employees are working from home at least two to three days a week. This is up from last year’s Index, which found that only about 42{0cd64a0a8f98edc6e1a333a4649a39f4fde229418ea626ab6b5ac18b9de2691d} of employers were using a hybrid approach. New and complicated working patterns have a major effect on a company’s real estate strategy, including the amount of office space required and the cost of using that space. Almost 60{0cd64a0a8f98edc6e1a333a4649a39f4fde229418ea626ab6b5ac18b9de2691d} are either using, or will soon be using, reservation systems for space utilization and/or occupancy tracking.
  • Of survey respondents, 64{0cd64a0a8f98edc6e1a333a4649a39f4fde229418ea626ab6b5ac18b9de2691d} are either leasing or considering leasing suburban office space since the pandemic. Employers have responded to the deurbanization of the workforce seen during the pandemic by investing in hyperlocal offices to promote a return to the office. The physical office is still a crucial component to a company’s ability to thrive now and in the future, and employers believe the connection employees experience within the physical office is worth the investment. In addition to predictable flexibility, companies are also investing in other avenues, such as in-person events (50{0cd64a0a8f98edc6e1a333a4649a39f4fde229418ea626ab6b5ac18b9de2691d}), providing meals (45{0cd64a0a8f98edc6e1a333a4649a39f4fde229418ea626ab6b5ac18b9de2691d}), reimbursement for commuting costs (38{0cd64a0a8f98edc6e1a333a4649a39f4fde229418ea626ab6b5ac18b9de2691d}) and childcare support programs (33{0cd64a0a8f98edc6e1a333a4649a39f4fde229418ea626ab6b5ac18b9de2691d}), to encourage employees to come into the office.
  • Sixty-four percent of executives believe flexible working options motivate employees. A mix of flexibility and technology in the workplace is top priority. Most are looking at the use of health and wellbeing management apps and other hybrid work technologies, such as digital and virtual collaboration resources, to optimize the workplace. For example, 44{0cd64a0a8f98edc6e1a333a4649a39f4fde229418ea626ab6b5ac18b9de2691d} of company leadership have activated or are beginning to invest in the metaverse for social interaction, training and/or recruiting purposes, and 62{0cd64a0a8f98edc6e1a333a4649a39f4fde229418ea626ab6b5ac18b9de2691d} have activated or are beginning to invest in health and safety innovations and monitoring, such as indoor air quality, touchless offices, etc.
  • Of the companies surveyed, 40{0cd64a0a8f98edc6e1a333a4649a39f4fde229418ea626ab6b5ac18b9de2691d} have either started using a four-day workweek or are in the process of implementing one. A prolonged, tight labor market and changing work patterns have employers doing all they can to attract and retain their workforce, and many are adjusting the role of the office to stay competitive. A company’s overall working model must accommodate hybrid working or risk employees searching for more flexible options. The Index found that 69{0cd64a0a8f98edc6e1a333a4649a39f4fde229418ea626ab6b5ac18b9de2691d} of company leadership has implemented or is in the process of implementing hybrid work technologies (video collaboration platforms, virtual whiteboards, etc.) to meet employees where they are.

“Data is paramount to understanding your workforce and creating the best space for a new era of work,” says Francisco J. Acoba, Principal, EY Americas Strategy and Transactions; Co-lead – Corporate Real Estate Consulting and Technology. “Data-driven insights that uncover employees’ work habits will shape how executives design and approach the workplace moving forward.”

To learn more about the EY Future Workplace Index, please visit EY Workplace reimagined.

About EY 
EY exists to build a better working world, helping to create long-term value for clients, people and society and build trust in the capital markets. 

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Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today. 

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