When it comes to buying or renting a property, there are several factors that potential residents consider. Alongside location, size, and amenities, the availability of reliable broadband and mobile phone signal has become increasingly important in today’s digital age.
A property advertisement may not provide all the necessary details about these crucial aspects. However, the real estate industry has started recognizing the significance of broadband and mobile phone signal in the decision-making process.
Predictive data obtained from Ofcom allows potential buyers or renters to assess the quality of broadband and mobile phone signal in a particular area. These predictions are categorized into three levels: Basic, Super-fast, and Ultra-fast.
While these predictions are not guaranteed, they provide valuable insights into the expected speeds and strengths of these services.
Research shows that properties with access to high-quality broadband and strong mobile phone signal tend to have higher market value. This is due to the increasing dependence on technology for work, communication, and entertainment.
Buyers and renters are willing to pay a premium for properties that offer fast and reliable internet connections and seamless mobile phone coverage. This is particularly true for individuals who work remotely or run online businesses.
So, when it comes to property value, it is not just the physical aspects that matter, but also the digital infrastructure. As technology continues to shape our lives, the availability of broadband and mobile phone signal will only become more influential in determining property prices.