Saleability of properties to be affected by broadband speeds

It has been claimed in a recent report that the saleability of properties in the UK could be affected by broadband speeds, with lack of high speed broadband putting potential buyers off.

The property market in the UK has been turbulent for some years now, with many factors that have affected the saleability of properties, such as buyers being able to raise a deposit for a mortgage, the strict mortgage lending environment, and the general low level of consumer confidence due to the economy.

It has now been suggested in a recent report that that the saleability of property could also be affected by additional factors, one of which has been highlighted as access to high speed broadband. With many people looking for fast broadband for casual or business use more and more people are considering this when it comes to purchasing a property.

Figures from the Office of National Statistics in the UK show that 85% of the population are regular internet users. The increased reliance on high speed internet means that more and more people want to have high speed internet in the home. Figures have shown that around sixty nine percent of consumers would think twice about buying a home that did not have adequate broadband access and speeds.

Around seventy four percent of consumers said that they felt broadband access was a critical requirement. With this in mind many property companies now use broadband access and speeds as part of the vital information listed about a property so that consumers can see before they view whether the property will have the desired broadband speeds and access for their needs.

Would broadband speeds affect your decision when it comes to buying a home?

Source – Circle ID