We’ve known for a while that the priorities of post-lockdown house hunters have changed. But a new study of more than 1,200 people has confirmed outdoor space, good broadband and proximity to parks as 2021’s buyer must-haves.
The report, by lender Market Financial Solutions (MFS), was produced two years after an identical MFS survey was carried out.
Entitled the Homebuyer Wishlist 2021, the report has found that 92% of UK buyers regard a garden or outdoor space as ‘important’ or ‘very important’. This is a change from two years ago, when square footage was the most important factor, cited as crucial by 89% of buyers.
According to Paresh Raja, CEO of MFS: “It is no secret that the pandemic has altered people’s perspective on what they want and need from their homes. Remote working and social distancing mean the majority of Britons now spend much more time in their own homes, while access to outdoor space for both exercise and socialising has become far more important.”
The growth in working from home during the lockdowns has pushed broadband connectivity up buyers’ wish lists, with 88% of respondents regarding it as crucial – against 82% in 2019. Conversely, transport links are seen as a big draw for just 67% of buyers – a 13% drop since 2019.
A desire for proximity to public open space was the biggest change from two years ago, rising six places to number five on the list, with 84% of homebuyers considering it important.
Says Raja, “It will be intriguing to monitor these trends if lockdown rules are fully lifted on 21 June. It is likely that the appeal of being near to city centres will return, as will the value of good transport links for work and social purposes. Yet, for now, it is clear that demand has changed, which is leading to fierce competition for properties that tick these all-important boxes.”
Read more about this story on the Property Wire website.