Faster broadband could add value to UK house prices

Consumers indicate broadband is on their must-have list when house hunting.

A recent survey published by ISPReview indicates that a faster and reliable broadband connection could increase UK house prices.

ISP Review polled 733 people and the results revealed that broadband was an important consideration in house-hunting. The result showed that almost two-thirds of UK internet users would be discouraged from buying a new house if it did not have a fast broadband connection.

Half of the people who were polled said that they would pay more for a house with faster connectivity than the one they currently owned.

Almost 74% of respondents said broadband was critically important to their home life, 50.4% said they would pay more for a house with faster broadband and almost 69% said lack of fast broadband would put them off from buying a beautiful new house.

Even holidays and hotels were not spared by the apparently broadband hungry consumers. 37.2% said they would pay more for a holiday/hotel with in-room broadband.

With the British internet consumers placing so much importance on broadband, could house prices really be boosted?

Tell us how important broadband is for you at T3's Twitter and Facebook feeds, and stay tuned in for more tech news. 

Via: ISP Review

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