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.
We would like to take this opportunity to thank you
for your continued support which has made 2017
such a successful year
and we look forward to working with you
in 2018 and beyond.
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.
What are the common mistakes people make when searching for a new home?
Watch our video to find out:
1. Not setting your budget
Avoid disappointment and frustration by setting a clear budget, allowing for costs like stamp duty, conveyancing fees, and surveys.
2. Being too specific
Restricting yourself to one particular street could mean you miss out on a fantastic property on the other side of town.
Be open minded and ask your agent’s advice on other locations that are within your budget. Remember to decide what you’re prepared to compromise on ahead of time.
3. Falling in love at first sight
This can cloud your judgement. Are you overlooking the flaws? Ask yourself why you like it and if it actually meets your needs.
Don’t get too invested, as you’ll be disappointment if your offer isn’t accepted – remember there will be more than one property for you!
4. Overestimating your DIY skills
Be confident but realistic. Can you really do all that work – and afford it?
Guild Members are local experts who can help with your property search. Click here to find your nearest agent today.
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