86% of Brits consider internet speed a priority in their property search
- 28th November 2019
- Landlord Property News
London set to benefit from a £10 million investment in full fibre broadband
Fast and reliable broadband is a must to have for rental properties. A recent survey shows 86% of Brits consider internet speed to be a priority in their property search, carrying the same importance as local amenities and nearby train stations.
The survey also found when searching for a new home, many buyers and renters would like information on the speed of internet services in prospective properties.
Having grown up with technologies such as mobiles and laptops, millennials prioritise internet connectivity more than older generations. As millennials aka “generation rent” make up a high proportion of the rental market, internet speed has grown in importance.
In addition to the demographic change a growing number of people work from home, apps such as skype and facetime have become vital to many businesses. Therefore, broadband speeds have also grown in importance for factors relating to changes in employment.
New plans put forth by the Mayor of London are set to improve internet connectivity across London, with the initial investment targeting 118,000 homes in South London. Fast broadband speeds are likely to drive up rental prices further in South London.
Stephen Ludlow, Chairman at ludlowthompson, says: “Landlords must place a greater emphasis on internet speeds as their importance shows no sign of slowing.”
“South London is already extremely attractive to young professionals looking to rent or buy a property, therefore, investment in broadband speeds will undoubtably add further popularity to the area and draw in more potential residents.”
“Looking at how much priority is placed on the need for a good internet connection highlights the need for further investment in broadband speeds across the UK in general.”
ludlowthompson maintains its transparency by encouraging customer reviews across a number of platforms. Over a three-year period, we ranked number 1 agent in the UK on allAgents out of 15,000+ agents, with 5300+ 5* reviews. Here is a selection of recent reviews of happy customers of ludlowthompson via Google Reviews:
Lizzie R via Google reviews:
“I've seen a few properties with ludlowthompson Oval so far and had a great experience. I recently had a viewing with Richard, who squeezed me in on the same day I rang and was very helpful and informative. He gave me time and space to look around myself but was also on hand for all questions. Much appreciated!”
Hermione Y via Google reviews:
“I really appreciated Marta from the ludlowthompson Lewisham team for being helpful during the viewing process. She demonstrated outstanding professionalism and flexibility by accommodating my work schedule. Overall a very good experience.”
“Landlords must place a greater emphasis on internet speeds as their importance shows no sign of slowing.”
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