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Individual.com:
'London home owners pay premium for fast internet - study'

5 August 2014

Home owners in London are willing to pay up to 8 percent above the market price for properties in areas offering very fast internet speeds, according to new research from the London School of Economics (LSE) and Imperial College Business School. The researchers argue that this willingness to pay a premium for good internet coverage strengthens the case for roll-out of high speed broadband in densely populated areas. Data compiled over a 15-year period, from 1995-2010, show that property prices across the UK increase on average by about 3 percent when internet speed doubles. Londoners show a greater willingness than the rest of the country to pay for broadband, reflecting very high usage in the capital city for both work and personal reasons.

This article was published online by Individual.com on August 5, 2014
Link to article here

Related publications
'Speed 2.0. Evaluating Access to Universal Digital Highways', Gabriel M. Ahfeldt, Pantelis Koutroumpis and Tommaso Valletti, SERC Discussion Paper No.161, July 2014

Related links
Gabriel Ahlfeldt webpage
SERC website

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