Broadband Speeds Will Affect Saleability of Properties in the UK

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Broadband Speeds Will Affect Saleability of Properties in the UK

By CircleID Reporter
August 16, 2011, 3:56 pm PDT Views: 5,708 Add Comment

Paul Budde writes: According to the Office of National Statistics in the UK, 85% of the population are regular internet users. With advances in internet technology, individuals and businesses are becoming increasingly more reliant on having instant access to high speed broadband. Statistics show that 69% of UK internet users would be put off from purchasing a home if it did not have a high speed internet connection.

Furthermore, 74% of people surveyed considered having access to broadband to be of ‘critical importance’ which shows the growing demand and dependability on broadband in modern times.

UK property portals are now looking to list the broadband speed alongside other key information such as number of bedrooms, bathrooms, reception rooms and room size dimensions demonstrating its importance in today’s property market.

Broadband speed inequality is set to reduce in the future. The UK Government has committed to spending £830 million to ensure that superfast broadband connection is available to every community. However, for the time being broadband connectivity speed is an important factor that home buyers are taking in serious consideration.

By CircleID Reporter

CircleID’s internal staff reporting on news tips and developing stories. Do you have information the professional Internet community should be aware of? Contact us.

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