Government officials have released a new national strategy for telecoms, putting forward the proposal to ensure it is compulsory for all new builds to be fitted with superfast broadband connections throughout the UK.
A complete overhaul from the current copper-based networks could take place by 2030, with the main focus on new build homes alongside remote rural areas of the country. Reports from the Department for Digital, Culture, Media and Sport (DCMS) suggest that the changes could see it becoming mandatory for all newly built properties to be completed with full fibre, top speed broadband connections.
The vision of providing every new homeowner or tenant with world class connectivity has emerged due to the conclusion that the UK is lagging behind the rest of Europe. Only 4% of homes are fitted with full fibre connections in the UK, compared to a huge proportion in Portugal at 89%, 71% in Spain and 28% in France, with high speed connections becoming increasingly more prevalent in these top performing European countries.
Progressions in connectivity boost the attractivity of new build properties, securing a major selling point and generating more appeal which increases demand, particularly for students. Tenants studying across major cities will benefit from the technological breakthrough and research shows the particular demographic of students are willing to pay a premium for good internet coverage.
A rollout of high speed broadband connections in densely populated areas have been analysed to discover the link between property prices and the broadband availability, which highlight the value of Broadband in households throughout the UK.
Statistics compiled over a 15-year period, suggest that property prices increase by an average of 3% when the internet speed doubles with London residents showing considerable willingness over the rest of the country when it comes to paying for broadband connections. This reflects a spike in usage in the capital city for both work and leisure reasons.
Objectives have been introduced by the government to boost its ability to meet a housebuilding target of 300,000 homes a year with the foresight to introduce 5G connectivity as part of the Industrial Strategy, aiming to build country fit for the future. Advancements in full fibre infrastructure has been declared absolutely imperative to underpin 5G coverage, which will be unquestionably faster than 4G and 3G connections that exist now. The ambitious plans intend to connect 15 million premises to full fibre broadband by 2025 with developments in network speed aiding the tenant demand in new build housing.
DCMS Secretary of State, Jeremy Wright, states:
“This new radical blueprint for the future of telecommunications in this country will increase competition and investment in full fibre broadband and create more commercial opportunities”.
The UK is pushing the boundaries and enhancing the existing standards supplying prospective homeowners or tenants with groundbreaking connectivity no matter where they live, rent, work or travel. RW Invest, investment specialists based in Liverpool, provide an extensive portfolio of new build properties that contain free high-speed connections as part of the overall purchase price. Click here to view your next investment opportunity https://www.rw-invest.com/uk-property-investments/.