{"id":9267,"date":"2015-05-19T02:31:32","date_gmt":"2015-05-19T01:31:32","guid":{"rendered":"http:\/\/www.ispreview.co.uk\/?p=9267"},"modified":"2015-05-15T11:20:57","modified_gmt":"2015-05-15T10:20:57","slug":"survey-finds-uk-house-buyers-rejecting-homes-with-slow-broadband","status":"publish","type":"post","link":"https:\/\/www.ispreview.co.uk\/index.php\/2015\/05\/survey-finds-uk-house-buyers-rejecting-homes-with-slow-broadband.html","title":{"rendered":"Survey Finds UK House Buyers Rejecting Homes with Slow Broadband"},"content":{"rendered":"

The latest survey of 2,119 ISPreview.co.uk readers has found that nearly three quarters (71.9%) of respondents would reject an otherwise ideal house if its broadband speeds were too slow, while 22.8% said they’d rather negotiate a lower price and only 5.1% weren’t at all bothered about\u00a0Internet performance.<\/p>\n

<\/p>\n

The study also found that most new property hunters would expect the house to support a minimum broadband download speed of 25Mbps or greater (50Mbps was actually the most popular choice) and some were even willing to pay extra for a house in order to get that.<\/p>\n

When buying a new house, what is the minimum broadband speed you could tolerate?<\/strong><\/span>
\n50Mbps – 67.1%
\n25Mbps – 17.9%
\n10Mbps – 12.2%
\n2-5Mbps – 1.8%
\nI’m not sure – 0.7%<\/p>\n

What would you do if the house, which might otherwise be perfect, offered lower speeds than your chosen minimum?<\/strong><\/span>
\nReject it – 71.9%
\nNegotiate lower price – 22.8%
\nI’m not fussed – 5.1%<\/p>\n

How much more would you pay for a house with superfast broadband?<\/strong><\/span>
\nI wouldn’t pay extra – 66.3%
\nI’m not sure – 7.2%
\n0.5% More – 7.1%
\n1% More – 6.6%
\n2-3% More – 5.8%
\nMore than 4% – 4.7%
\n3-4% More – 1.9%<\/p><\/blockquote>\n

Back in March 2015 Halifax said that the average house price in the United Kingdom was \u00a3192,970<\/strong> and 2% to 3% of that would add an extra \u00a33,859.40 to \u00a35,789.10 respectively to the total cost. Overall 26.1% of respondents indicated that they’d be willing to pay anything from 0.5% to over 4% extra on the asking price of a house in order to get one with “superfast broadband<\/em>” (the UK Government defines this as download speeds of 24Mbps+).<\/p>\n

Admittedly not everybody can afford their own house, but for those that can the purchase of a new home will probably be the single biggest investment that they will ever make and one that\u00a0often lasts the longest. As such the desire to ensure that you’re moving into a place where the Internet, which is considered by many to be essential, runs at a good speed has become increasingly significant.<\/p>\n

The Government are of course making speeds of 24Mbps+ available to 95% of the UK by 2017, although remote rural areas will be the last to benefit and clearly some may\u00a0suffer a loss of value if they’re found to deliver less capable connectivity (this doesn’t just have to mean speed, support for low latency and big usage allowances is also important).<\/p>\n

But we should stress that most of the currently available evidence for the impact of broadband performance on house prices is fairly anecdotal, although a recent study by the London School of Economics<\/strong> claimed that property prices increased by an average of around 3% when the available broadband speeds doubled (here<\/a>).<\/p>\n

Never the less, the decision about how much you pay for a house will always come down to the simple matter of personal choice, which is different for everybody, although for most people access to superfast broadband is clearly now a key part of that equation.<\/p>\n

Meanwhile\u00a0this month\u2019s new survey asks whether or not your mobile, phone or broadband provider offers an online service status page? Vote Here<\/strong><\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The latest survey of 2,119 ISPreview.co.uk readers has found that nearly three quarters (71.9%) of respondents would reject an otherwise ideal house if its broadband speeds were too slow, while 22.8% said they’d rather negotiate a lower price and only 5.1% weren’t at all bothered about\u00a0Internet performance.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[1],"tags":[34],"class_list":["post-9267","post","type-post","status-publish","format-standard","hentry","category-uk_isp_news","tag-statistics"],"share_on_mastodon":{"url":"","error":""},"yoast_head":"\nSurvey Finds UK House Buyers Rejecting Homes with Slow Broadband - ISPreview UK<\/title>\n<meta name=\"description\" content=\"The latest survey of 2,119 ISPreview.co.uk readers has found that nearly three quarters (71.9%) of respondents would reject an otherwise ideal house if\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ispreview.co.uk\/index.php\/2015\/05\/survey-finds-uk-house-buyers-rejecting-homes-with-slow-broadband.html\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Survey Finds UK House Buyers Rejecting Homes with Slow Broadband - 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