Broadband Services Impact on Property Investment
I have heard of some ridiculous reasons not to invest in your dream property, but this one totally takes the biscuit.
According to ISPreview.co.uk over 75% of homeowners in the UK would choose to not buy their ideal home if it did not come with broadband speeds of at least 1Mbps.
Now maybe I am just old fashioned or maybe it is because I am not so bothered about the internet, but this is possibly one of the strangest reasons I have ever found for not buying a property.
Surely there are much more pressing reasons for not investing, such as wall damp, noisy neighbours or poor bedroom sizes? But broadband?!
Yet if you are to take ISPreview.co.uk’s study seriously it would appear that having a good broadband service is now an essential part of property investment. Meaning as property investors we too should be conscious of our rental properties broadband speeds.
Continuing in their report, ISPreview.co.uk revealed that whilst 61.7% of homeowners would prefer to have broadband speeds of over 4Mbps:
- 20% felt 4Mbps would be adequate
- 50% stated that they were open to using fixed Wi-Fi services as an alternative to having landline broadband
- 50%+ would pay more for a house which offered faster broadband access
Either way it would appear that as property investors we need to add another property requirement to our list. Especially if broadband can actually impact upon property prices and raise their values.
Wendy xx
P.S. If you are interested in reading this story, follow this link: http://www.cable.co.uk/news/broadband-services-could-impact-on-the-property-world-19449130/
