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

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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Landlady14
Landlady14 01 Mar 2017

You would think so Niraj Shah! My experience only proves that there are varying qualitiers of professional in all aspects of property letting. None of the ones I have dealt with, from letting agents to...

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Mark
Mark 01 Mar 2017

Thanks for this article. Hopefully one day everybody's lifestyle will be eco-sustainable.

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Ben Taylor
Ben Taylor 28 Feb 2017

I was convinced that London was the most expensive!

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Alan Read
Alan Read 28 Feb 2017

Australia are leading the way in this I think. The trouble with Britain is we don't get enough sun to make use of solar power.

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James Powell
James Powell 27 Feb 2017

This is a very good news.

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DanHumphreys
DanHumphreys 27 Feb 2017

It sounds like a good idea. Anything to help the younger generation get a foothold.

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Matt
Matt 20 Feb 2017

Is this fake news?

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Matthew Hollywood
Matthew Hollywood 07 Feb 2017

Matthew Hollywood - Director Mishon Mackay Land & New Homes - Brighton The shortage of New Homes is in part effected by the lack of land sales. Land sales are held back because there is a disparity between...

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CommercialTrust
CommercialTrust 30 Jan 2017

Hi Graham, Would be interesting to see the above figure calculated against an investment via a Lt Company /SPV structure and if the investor found themselves pushed in to the higher tax bracket. Mortgage...

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