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.’

Join our mailing list:

Leave a comment



Latest Comments

Christian Donovan
Christian Donovan 18 Aug 2017

The write-down on house values, combined with the fall in the GBP saddled the fund?s property portfolio with a 1.4% loss in the second quarter. The shocking amount of $240 million.

view article
Samantha Goodman
Samantha Goodman 11 Aug 2017

Interesting point of view.

view article
Samantha Goodman
Samantha Goodman 11 Aug 2017

It depends on the people, some older adults decide to make a long-distance move in order to live closer to their children or settle in a place with a lower cost of living.

view article
brandonlee10
brandonlee10 24 Jul 2017

The financial ramifications of the triggering of Article 50, the starting gun for Britain's departure from the EU, are far from clear. Buyers will be most cautious in London, given that buying a home in...

view article
IrisJ.
IrisJ. 19 Jul 2017

Great advice, but may I also add that when buying an already built home, make sure you do all of the proper inspections. Most importantly pest inspection because people tend to get surprised when they

view article
IrisJ.
IrisJ. 17 Jul 2017

The third point is, in my opinion, the most important one. People have become too inconsiderate and careless when it comes to rented properties. If a landlord wants to protect their property, regular visits...

view article
cornishalan
cornishalan 10 Jul 2017

Added to the cost of purchasing these village properties are the above average maintenance costs. Particularly where the property is a listed building or requires specialist building skills such as thatching...

view article
Jo Mullett
Jo Mullett 07 Jul 2017

Here in Swansea, known as the Japanese knotweed capital of the UK, it never fails to amazes me that people have no idea of the potential problems this invasive non-native plant can cause when buying or...

view article
NathanG
NathanG 05 Jul 2017

McDonalds, for example, have been purchasing their real estate on prime locations for years. If something happens to the company they'll have invaluable assets that will be able to save them. We might

view article
Jonah
Jonah 04 Jul 2017

Graham: surprised to see you cite the "extra tax liability" as capping out at ?560. It doesn't - the extra tax is exponential, as it is levied on the income (i.e the inflating level of rental income you...

view article
Dianne Griffen
Dianne Griffen 29 Jun 2017

Be very wary of anyone bringing you deals that they have ?found? and want to ?sell on to you? or ?joint venture? with you on ? you need a proper legal contract for this, involve a RICs surveyor to confirm...

view article
jason hadzikostas
jason hadzikostas 28 Jun 2017

The most important thing is a budget. Students have to manage their spendings in food, house maintenance, books and many other things. According to me, student Studios are the perfect option for them as...

view article

Related stories

More articles from Household