Posts with tag: location

Fresh research from GoCompare Home Insurance has revealed that the importance of ‘location, location, location’ for property hunters is on the decline.

Instead, the survey indicates that when choosing a property, the focus is now moving to a good broadband connection.

Changing Values

The report uncovered that the most desirable features for homebuyers are a good neighbourhood, with low crime rates and good access to shops, schools and GP.

In addition, the survey discovered would-be homebuyers are increasingly valuing superfast broadband, a good mobile-phone signal and satellite TV.

The top-ten most desirable home location and facilities features were found to be:

Most desirable home location/facilities	%
1	A good area or neighbourhood	66
2	An area with a low crime rate	59
3	Good proximity to local shops	51
4	Near a good GP or dentist surgery	44
5	A good, reliable broadband connection sufficiently strong to stream TV and films	43
6	Reliable and clear mobile phone signal	42
7	Superfast broadband	39
8	A land-line telephone	33
9	Bus, tram or underground stop nearby	31
10	Satellite TV	27

 

Changing Factor

Ben Wilson, from GoCompare Home Insurance, noted: ‘Location will always be a key factor for homebuyers. After all, while you can improve a property – you can’t move it.  But it is too simple these days to say that it is the only consideration.  Homeowners also expect to be connected in a way that wasn’t envisaged even 10 years ago. They will want to know about the transport infrastructure and communications as much as the schools, shops and amenities.’[1]

[1] http://www.propertyreporter.co.uk/property/connection-is-the-new-location.html