A recent market insight posted on the Guardian website about homebuyers, has some interesting implications for investing in property and also the rentals market.
Having access to a fast internet connection is now a major factor in the value of a property.
According to the Guardian article:
“Houses without a connection or slow download speeds can be worth up to 20% less.”
This is an important statistic to consider when buying a property, and I think we can say with reasonable certainty that this feature of a property will influence the rental value as well.
We’re left thinking, could the planned developments in local internet exchanges have an effect on future local house prices? Or rather, is there an opportunity to buy in areas where internet connection speeds are set to be upgraded in the near future?