An estimated third of employees spend at least some of their week working from home with high speed broadband rising up the criteria list for new house buyers. Evidence suggests that broadband speeds could affect the price that buyers end up paying for their next move.
An analysis of average house prices and broadband download speeds by local authority reveals that buyers spend, on average, 17% more for properties in areas with superfast broadband compared to areas where average speeds are less than 25 Mbps.
Some of this will be related to where broadband providers have historically focused their investment, ie, in more affluent areas, but with the major providers increasing their coverage, this effect will become more diluted. Indeed, the Government has committed to provide superfast broadband (at least 24Mbps) to at least 95% of UK premises.
There are a myriad of factors that affect local property prices but the influence of broadband speeds should not be underestimated with its importance to buyers set to continue to increase.
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After months of hard work, our new website finally went live over the weekend and is looking fantastic! Why not have a good look around and see what amazing new features and information are included.
Our new banner has arrived today ready for tonight, and it looks great!! We are proudly sponsoring the Pink Wig event which is part of Falmouth Week and raises funds for vital research projects, the best care for breast cancer patients in Cornwall and a safer future for the next generation.
Are you thinking of renovating a property? Here are The Guild's top tips to make sure your renovation goes to plan and stays on budget.
Lots of people become property developers, where they can take a neglected home and turn it into a beautiful house that lots of people will want to buy. Keeping to a strict budget can mean that there is a lot of profit to be made here, but getting carried away can mean that the developers do a lot of work for little or no reward.
Doing a property renovation can be more work than people anticipate. Plus, you need to get the property for the right price, no matter if that is buying it from an estate agent or bidding at auction, to make sure that you sell for a profit.
The Guild is a network of the best 800 independent estate agents around the country. Find out why you should choose them to sell your home.
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