Is good broadband essential for a good view?

Is good broadband essential for a good view?
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.

According to the latest buyer survey from Knight Frank, having a superfast broadband connection or good mobile coverage is equal to a good view when it comes to what buyers look for in a prime property.

Some 61.4% of respondents said good internet connectivity and phone signal was important to them when moving house. This compares to 60.8% who said the same about a good view.
 
Oliver Knight, Associate, Knight Frank Research, said of the results: “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.
 
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.”
 
As well as revealing what buyers look for in their property search, the survey also asks what impact recent changes to stamp duty have had on buyer’s budgets and examines the primary motivating factors for moving. Where possible, responses have been broken down by region and price bracket.


According to the survey, 47% said they would be more likely to buy a house in an area with good internet connectivity or superfast broadband. 41% of prime buyers have reduced their budget as a result of changes to stamp duty and a further 14% plan to stay in their next property longer as a result of the changes.

The survey also found that ‘Quality of life’ was the primary motivating factor for moving, followed by upsizing or downsizing. 30% of respondents said that the preferred location of their next home was in a city. A quarter of respondents (25%) said they would like to move to a village, while just fewer than a fifth (19%) said they would prefer a countryside location.

Privacy and security and having a garden or access to land were considered the most important attributes of a new home among respondents to our survey
Further details and a more comprehensive breakdown can be found in the report.
 
The report also reviews the performance of the prime country market across this year. Price growth currently stands at 0.5% over the year to September 2016, down from a peak of 5.2% back in mid-2014.
 
Oliver Knight comments: ‘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.
 
The wholesale reforms to stamp duty announced in December 2014, and subsequent introduction of a 3% surcharge for individuals purchasing additional properties, have succeeded in making buyers more price sensitive, and this has been factored in to asking prices and offers, something which is confirmed by the results of our exclusive buyer survey.’

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Latest Comments

warren
warren 26 Apr 2017

You're very welcome Mary! Glad you enjoyed them :)

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Mary Ward
Mary Ward 26 Apr 2017

Thank you for the wonderful ideas. First impressions can make or break a deal. It's sadly that many homeowners drop the kerb to create an off-street parking space.

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Tony Gimple
Tony Gimple 14 Apr 2017

I'm not at all surprised that so many landlords are still confused about what the tax changes really mean and how it will affect them. In particular, the blind rush to incorporation is leaving landlords...

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MH
MH 13 Apr 2017

You are right that the bank holidays are going to be spoiled in looking for the properties. But people who want to sell their property and looking for the better relocation, they can get benefits of this...

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bnellyb
bnellyb 08 Apr 2017

There will be an exodus of private landlords over the next 5 years as tax changes take effect, private landlords provide an important service to the rental market, why do housing associations and councils...

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Fred Cassman
Fred Cassman 07 Apr 2017

"Make it look like you are at home": often people forget this and share on facebook their location!

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jared townsend
jared townsend 05 Apr 2017

It'll be interesting to see how & if the Government's asset sale regarding mortgages helps

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SecomTech
SecomTech 04 Apr 2017

...and not one mention of the rules on PERMITTED DEVELOPMENT!!! Unless you have studied the plans you will not know...It's probable a high proportion would not need planning permission...BUILDING Control...

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Jonathan
Jonathan 03 Apr 2017

That's a very interesting study indeed. There is no doubt that new services and web apps such as Wonego.com in the UK or Roomster in the US will change the way people look for a flatmate, and that tenants...

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MBM Homelets
MBM Homelets 23 Mar 2017

Although this is a very positive step, there is little or no guarantee of the standard of workmanship employed by the tenants. We have had experience of a professionally decorated property being ' painted'...

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ajay
ajay 21 Mar 2017

How is the "robust evidence" looking now?

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NathanG
NathanG 20 Mar 2017

I've been watching the series so far and am completely baffled by the cases that were presented. Though, I don't think that we can protect ourselves from every scam possible - it will just make the scammers...

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