The 16 most important things Britons want when buying a house
REUTERS/Marko Djurica
Meanwhile, one in four Britons is looking to buy a new home in the next five years but, interestingly, being close to family or having more space aren't the most important factors, says Santander Mortgages.
According to a survey by the group, more and more people are becoming less concerned about the house itself and more about what the property is close to.
The findings show that the average Brit would be willing to pay £6,297 ($9,966) extra to live closer to work or £6,900 ($10,920) more to move to a safer neighbourhood.
"We are becoming a recreation nation as we look to minimise the amount of time we spend travelling to and from work, and maximise the time we can spend enjoying ourselves playing sports, enjoying green spaces and socialising in bars and restaurants," said Miguel Sard, Managing Director of Mortgages, Santander UK.
"Homebuyers are increasingly sacrificing space for location. Some of these sought-after features come with a big price tag, so it is important that they seek advice from experts to better understand what they can and can't afford."
- Love in the time of elections: Do politics spice up or spoil dating in India?
- Samsung Galaxy S24 Plus review – the best smartphone in the S24 lineup
- Household savings dip over Rs 9 lakh cr in 3 years to Rs 14.16 lakh cr in 2022-23
- Misleading ads: SC says public figures must act with responsibility while endorsing products
- Here’s what falling inside a black hole would look like, according to a NASA supercomputer simulation
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market