Doubling broadband speeds could add around three per cent to the value of UK homes, a study has indicated.
Researchers at the London School of Economics and Political Science (LSE) and the Imperial College Business School examined 15 years’ worth of data to assess the impact on property values.
They found that homes with the fastest connections - such as those located nearest to the local telephone exchange - had higher prices than similar properties further away.
Professor Tommaso Valletti, of the Imperial College Business School, said "many factors" impact on the price of a house such as area, amenities and transportation links.
"When it comes to the access to the internet, speed matters," he stated.
"In this digital age a fast, reliable broadband connection is important; more of us are working from home and using an internet connection to stream TV programmes, make video calls and to browse the web."