July 23, 2021
A study by British multiplayer carrier Virgin Media O2 found that the majority (70%) of home hunters would be willing to leave their preferred home, or not make an offer at all, if its mobile connectivity didn’t. is not up to par. stripe.
Good broadband connectivity is also crucial, with 35% of Britons favoring good broadband over good transport links. Some 60 percent of home hunters said the strength of the mobile and broadband network would be a primary consideration when looking for properties to buy or rent.
The data revealed that a well-connected home is not only a happy home, but also more profitable. Almost a third (31%) of people looking to buy would be willing to pay more for a property with strong indoor and outdoor mobile phone connectivity. Half of Britons (50%) would prioritize an offer on a property with a good mobile signal and a fifth of house hunters would be willing to pay more, some up to £ 10,000 (€ 11,700) for a property with strong indoor and outdoor telephone signal. As for tenants, one in four (25%) would also increase their monthly payment for a property with good connectivity, demonstrating the importance of staying connected at home.
Aside from the true cost of ownership, before the pandemic, criteria for finding accommodation focused on an easy commute and the option of a spare bedroom (both previously ranked in the top five considerations) , now those looking to buy or rent have reconsidered what matters most. The need for outdoor space (53%) and proximity to friends and family (42%) remain the two main considerations, but new factors such as good walking routes (40%) and the quality and power of the broadband play a bigger part in ownership decisions.
The criteria for finding accommodation have also changed in other ways. Proximity to the workplace has become less important to people, with 1 in 4 (26 percent) rating it as an important factor in deciding where to live, up from 1 in 3 (33 percent) before the pandemic. Virgin Media O2 has revealed that while 52% of Britons previously had a 30-minute commute, only 37% now would like to live this close. More than a third (35%) would now be willing to live up to an hour away from their desk, and nearly a fifth of people (19%) are willing to tackle a two hour commute.
Broadening their horizons and looking further afield for their next home, nearly a fifth (19%) of those surveyed said they wanted to move to beach towns now that remote working is the norm. One in ten (10%) would choose to settle in the countryside, and a similar number would like to settle in a village.
The spread of house hunters in major cities, as well as in seaside and rural areas, underscores the importance of strong connectivity nationwide. Virgin Media O2 recently announced that it has provided a 4G upgrade to more than 31,300 postcodes since the start of the year in an effort to boost connectivity across the country.
Ahead of the Staycation summer, nearly 600 cell sites were also upgraded in coastal and tourist hotspots, with many locations with 5G network connectivity installed, such as Edinburgh Castle, the V&A Museum and Bournemouth Pier. It comes as the operator has started rolling out its new 5G low-band spectrum, further expanding its 5G footprint and boosting indoor penetration.
Following Prime Minister Boris Johnson’s recommendation of a “gradual return to work”, uncertainties and questions remain. Flexible and remote working practices have become the norm over the past year and O2 Business revealed in March that 76% of people hope to maintain a level of location flexibility and 85% would like some form of flexibility on location. working hours after the pandemic.
“The past year has taught us the importance of staying connected, so we are investing more than ever in our network in 2021,” notes Jeanie York, chief technology officer at Virgin Media O2. “We have responded to the increase in nomadic work and the need for strong connectivity within the home to allow this trend to continue. We know our customers factor connectivity into major decisions about their personal and professional lives, so as the mobile network has been voted best for mobile reliability and coverage, we want to help make things easier for everyone. world as we upgrade the UK.
“We are proud to have provided a 4G boost in over thirty thousand zip codes this year alone, and we are committed to bringing together next-generation gigabit and 5G broadband services, as we expand the reach of our network. across the country, ”she added.