Bad neighbours putting off homebuyers

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neighbours

Anti-social neighbours are the biggest turn-off to prospective homebuyers, according to a recent survey of over 4,000 homebuyers by PrimeLocation.com.

57% of those surveyed listed loud or anti-social neighbours as the most likely reason for being put off a home purchase. Homebuyers in the East and North East of England are most put off by the thought of bad neighbours with 61% of respondents claiming this as the leading detractor from a purchase.

However, just 52% of potential buyers in London said that noisy neighbours would be a key off-putting factor.

HOMEBUYERS CITING BAD NEIGHBOURS AS MAIN TURN-OFF:

Region

% of Homebuyers

East of England

60.9%

North East

60.9%

West Midlands

60.6%

East Midlands

60.4%

South East

58.3%

Wales

57.9%

South West

55.6%

North West

55.2%

Scotland

54.5%

Yorkshire and The Humber

54.1%

London

52.2%

Source: PrimeLocation.com

Security ranked very highly as an important factor in a property being considered as ‘prime’ with private gates and security cameras coming in above swimming pools, tennis courts and walk-in wardrobes as must-haves amongst potential buyers of ‘prime’ property.

Lawrence Hall of Primelocation.com, said: “Discerning buyers don’t simply look for a good location but want to live in a good neighbourhood too. The quality of the neighbours and the security of the property are both clearly important factors for ‘prime’ buyers.”

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