Broadband speeds could swing decisions on home buying

March 12, 2011 by Reno  
Filed under News-Mortgages

Many people that are looking to buy a home look at a range of different factors in order to help them to decide which home is going to be most suited to their needs. There are many things that people will look for in a property, such as local amenities and facilities, road and transport links, neighbours, etc. However, more and more people are also looking at the broadband access in the area before making their minds up.

This trend has resulted in broadband becoming an important selling point for estate agents, and some are now using the availability of high speed broadband as a valuable selling point for properties. Property website Rightmove and communications giant BT are two companies have teamed up to provide information on broadband for over one million properties that are up for sale on the Rightmove site.

The importance of broadband has increase because nowadays people require higher speed broadband for a range of things such as entertainment and shopping, education, communication, and business use.

An official from Rightmove said: “Broadband is becoming one of the most, if not the most, important considerations for prospective buyers. Many people fall in love with a home only to find out it can only get really slow internet. By listing broadband speed with all the other property details buyers will be able to weed out homes that don’t have high-speed access.”

Another official said: “As a leading UK website services like superfast broadband obviously interest us and we have recently looked into how it can benefit us, although we are not currently in any form of partnership with BT.”

Tags: uk, high-speed access, importance, Estate agent, estate, speed, Technology Internet