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Homebuyers: Good broadband now as important as a good view

Having a good view out of the window of a home is considered less important than having a good broadband connection for some homebuyers.

That is according to a survey by UK estate agents Knight Frank, which found that having a superfast broadband connection or good mobile coverage was important to 61.4 per cent of respondents.

Having a good view scored just 60.8 per cent in the survey. 47 per cent went as far as saying they would be more likely to buy a house with good internet connectivity or superfast broadband than one without.

“In an age of Wi-Fi, tablets and streaming, it is unsurprising that fast and reliable internet access is seen as a necessity among home movers,” said Knight Frank associate Oliver Knight.

“Technology improvements, including fast, reliable internet have meant that working from home is a viable option for many, potentially cutting down on both commuting time and costs. This is likely to be particularly relevant for buyers in more rural property markets.”

Considering ninety per cent of homes are said to be unable to get advertised broadband speeds and the rise of streaming services such as Netflix and Amazon Prime, it is no wonder home buyers are more weary of how well connected a potential home is.

The Knight Frank ‘Winter 2016 Country Review’ also found that price growth stands at 0.5 per cent over the year to September 2016 – significantly down on the 5.2 per cent seen in mid-2014 – but thinks Brexit is only partially to blame.

“While this figure suggests that the market has been relatively subdued, the slowdown in price growth is just a reflection of a market adjusting to a series of tax changes and, to a lesser extent, economic uncertainty resulting from the recent vote to leave the EU,” he added.

Knight is referring to the increase in stamp duty on any additional homes and the tightening up of landlord loopholes, both of which have helped make buy-to-let potentially less profitable and therefore less appealing as an investment.

You can see just how good your broadband connection is by using our handy speed test tool.


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