Broadband speed boost sees UK home values jump by £3,500
UK government survey quantifies added value of access to superfast broadband, which is now said to have pushed broadband speeds up a gear for 5.5 million homes across the country, creating £2.7bn of economic benefits including 17,600 jobs
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Published: 03 Feb 2021 16:00
The UK government has released details showing that its current programme to roll out fibre broadband across the UK has had the happy unintended consequence of driving up property values.
The government outlined plans in December 2019 to make good on prime minister Boris Johnson’s pledge to work towards “delivering full-fibre [broadband] to every home in the land” by 2025, and then chancellor Sajid Javid committed £5bn of public funding to “support the roll-out of full-fibre, 5G and other gigabit-capable networks to the hardest-to-reach 20% of the country”.