{"id":6102,"date":"2021-02-24T14:22:06","date_gmt":"2021-02-24T14:22:06","guid":{"rendered":"https:\/\/www.conferencecall.co.uk\/blog\/?p=6102"},"modified":"2021-06-15T10:49:16","modified_gmt":"2021-06-15T09:49:16","slug":"is-slow-broadband-killing-house-prices","status":"publish","type":"post","link":"https:\/\/www.conferencecall.co.uk\/blog\/is-slow-broadband-killing-house-prices\/","title":{"rendered":"Is slow broadband killing house prices?"},"content":{"rendered":"

A good home broadband connection has never been more important. With more of us than ever forced to work from home<\/a> because of the pandemic, we all need a reliable and fast connection to ensure we can all work, rest and play.<\/p>\n

It’s even been forecast that telecommuting could become the new normal for millions of us, at least for part of the working week. A fast connection is now vital to the way we live.<\/p>\n

But could having a slow broadband connection knock thousands off the value of your house?<\/p>\n

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Superfast broadband pushed house prices up<\/h2>\n

Regular readers of the blog might remember how, back in 2017, we reported on house prices were being given a boost by having superfast broadband<\/a> installed. Here’s a quick reminder:<\/p>\n

House prices in the UK have rocketed by an eye-watering 181% since the start of the millennium. Getting on the property ladder is now arguably tougher then ever, with prospective buyers now expected to stump up an average of \u00a3211,000 for their first home \u2013 almost three times than the amount needed back in 2000, when the average spend was \u00a375,000.<\/em><\/p>\n

Our expectations of what we look for in a property have also shifted in that time, and while things like off-road parking, \u00a0and a new kitchen or bathroom can all increase the value of a house, there\u2019s another, less obvious factor that could push up the price of a property \u2013 a superfast broadband connection.<\/em><\/p>\n

But new research has found that the flipside could also be true, and that having a slow broadband connection could actually knock tens of thousands off the cost of your home.<\/p>\n

Slow broadband dragging house prices down<\/h2>\n

Fast internet is one of the top three priorities for prospective house buyers. Would-be purchasers would consider slower speeds but only if the property price was reduced by a whopping 19%. Those are the revealing findings from Compare Fibre<\/a>\u00a0research, one of the UK’s leading broadband comparison sites.<\/p>\n