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

Kelvin Lloyd
Kelvin Lloyd 09 Oct 2017

IT is up, to the Planners. If they will only give permission for bungalows on certain (suitable) sites, they will be built.

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maggie swift
maggie swift 09 Oct 2017

It's just the beginning of the shocking rise.

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maggie swift
maggie swift 09 Oct 2017

I have recently read that the bungalows can provide social housing for elderly residents in London.

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zoe glover
zoe glover 05 Oct 2017

Update! Worst company I have ever dealt with. Undervalued a Cambridge property by over 100k, wont take on any evidence of valuation including a RICS valuation done 3 years ago for the very same value...

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Paul Edwards
Paul Edwards 27 Sep 2017

Its nonsense articles such as this that make it harder to get clients to realise just how difficult the market is out there. When you see Rightmove and there are more 'price reduced' then 'new' most days...

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Tom Allen
Tom Allen 20 Sep 2017

Absolutely agree with you!

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RyanGeo
RyanGeo 18 Sep 2017

A sharp correction would be a less dramatic expression to use. That is already underway in certain sectors in Reading where I practice as Chartered Surveyor

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sean benton
sean benton 01 Sep 2017

Identity theft is a thread for any profession. So,people should stay alarmed. I once take help from a letting agent and came to know that letting agents are taking every precaution to prevent fraudulent...

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Mark N.
Mark N. 30 Aug 2017

We have seen a surge in instructions over August and that should continue into September too.

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Chris
Chris 30 Aug 2017

Unfortunately, all the legislation bears its force on Landlords and ignores, naively, the effect of Rogue Tenants on the ability of landlords to keep houses in repair and offer properties for rent at reasonable...

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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.

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Samantha Goodman
Samantha Goodman 11 Aug 2017

Interesting point of view.

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