Monday 11 February 2013

Buyers will pay more for a house

A survey by the Halifax reveals that the majority of people are willing to pay more for a house with good broadband.  We know we've already seen statistics to show houses with good broadband sell for higher prices, but this one seems to be asking people how much more they are willing to pay for a house with better broadband and showing a willingness to pay an extra, with a fifth of people surveyed saying they would pay 4 to 10% extra from even a relatively modest improvement in broadband.

Even in the NE it appears 85% are willing to pay an extra 3%. I expect it's perhaps more in reality, but people don't like saying they'll pay more.  If this is the situation now, it will be even more important in years to come, and it points to £1000 per property being good value for a future-proof fibre connection that will add thousands in home value.

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