Does air quality affect house prices?

Every buyer has a unique array of things they want from their ideal property. This is true whether you are searching for a home or a buy to let asset. However, it can be hard to get everything you want. There will usually be some compromises. If you do invest, we would be happy to work with you. We offer guaranteed rent Lewisham landlords can put their full trust in. It will protect you from voids so you get a stable income.

What is on buyer’s checklists?

Guaranteed Rent LewishamWhile each buyer will have a unique checklist of what they want and the importance, there are a number of common features that are in high demand. For example, gardens and outdoor space always tend to be popular. Plus, families will favour areas with good schools. Then things like proximity to transport links and parks can also be very important.

Surprisingly, air quality has become a more common sight on many checklists. In fact, according to new data it is ranking as highly as proximity to friends and family for many buyers. It even outranks broadband connectivity in some cases.

Why is it important?

People are far more conscious of the impact of bad air today. It is a hot topic, especially in big cities where air pollution can be a major health hazard. Not surprisingly, more buyers are now thinking about the air they will be breathing on a daily basis when they are at home. It can influence where they decide to live.

The air quality is already having an impact on buyers in London. According to a poll by London Councils, in 2016 38% of Londoners said that it was a factor in where they chose to live. By 2020 it was a consideration for 45% of the population. It was particularly important for families and people with health conditions.

What is the impact?

The impact is that homes in areas with poor air quality may slip in value. This can be seen in locations across the city, including those close to major roads. In the past these spots may have had premiums because of the easy access to main transport routes. However, now they may fall in price as people look to move away from locations with lots of road traffic.

Homes within 100m of the busiest roads may see a dip in values. However, those 500m away may have a new premium. This distance provides cleaner air and reduces the noise but still provides easy access if necessary.

If you are investing in buy to let, you may want to target assets with good air quality. This is especially wise in London if you want to attract families.

Ask us about guaranteed rent in Lewisham

We work very hard to support investors in London. Our goal is to give each client the most important assurances, including protection on their income and the condition of assets. To achieve this, we have rent guarantee schemes and professionals to handle every aspect of the management.

So, if you want the most rewarding guaranteed rent Lewisham can offer, speak to us. We’ll give you advice, explain the value, and talk about how to start a scheme.