A number of different factors can influence the demand for housing. An interesting one that has grown in popularity over the last few decades is the quality of the telecoms, particularly internet speed. With that in mind, three areas in London could soon see a jump in demands. We want to have a closer look at this today, then you can speak to us if you need guaranteed rent in Southwark.

Technological advances

The UK has been at the forefront of technological advances for a long time. In fact, we were the first industrialised country in the world in the 18th century. We are still in the top ten of the most technologically advanced countries today.

One area where we excel is telecoms. In fact, we’ve been a leader in it for a long time. This includes being an early adopter of 5G. However, many parts of the country are still using older communications equipment. Luckily, various companies are doing upgrades.

Some of the most notable upgrades are coming courtesy of BT. They are in the process of replacing old copper landlines and switching off the services. In their place they will introduce the latest fibre cables, using FTTP technology.

The upgrades will provide a number of benefits. Crucially, it will massively boost broadband speeds in the areas. In addition, it will change how people make telephone calls. Instead of the old analogue tech, people will use the VOIP (Voice Over Internet Protocol). It will improve call quality and give people access to more services.

Locations

BT is planning the upgrades in 84 locations in the next 12 months. Notably, 3 of them are in London. This includes Southwark, Barking and Dagenham, and Havering. So, it could be good news for investors in these areas. We would be happy to help clients here, including offering the best guaranteed rent in Southwark.

The managed customer migrations manager at Openreach, James Lilley, had some very positive comments about the upgrades. He said the “ultrafast, ultra-reliable, and future-proofed” fibre is “game changing technology”. Crucially, it will “become the backbone of our economy for decades to come”. This will help local residents, businesses, and more.

Concerns

While the news is positive in most regards, there are some with concerns. Because VOIP requires an internet connection, a worry is it will leave people without landline services if there is an outage. This would be an issue if there was an emergency.

The Government is already working on ensuring telecoms companies do more to keep users connected. They want to ensure the right protective measures are in place, especially to protect the most vulnerable customers.

Do you want guaranteed rent in Southwark?

If you do invest and want reliable solutions to manage properties and preserve your income, we can help. We’ll sort everything for you, offering convenience and value for money. There is also plenty of flexibility, with short or medium term periods.

So, if you want guaranteed rent in Southwark, speak to us. We can answer your questions and provide details about any part of the services.