One in 10 wants to know what their neighbours’ homes are worth!!!
Britain is a nation obsessed with house prices, according to new research from PropertyLive.co.uk,, which shows that seven in 10 people (69%) look at property online even when they are not in the market to move.
The research revealed a nation of nosey neighbours, with more than one in 10 (12%) admitting that they deliberately use property websites to find out the value of their friends’ and neighbours’ properties. A further one in 20 (5%) said they were keen to know how much their colleagues’ homes were worth.
When it comes to snooping, Londoners emerged as the most prolific property snoopers. Almost one in six (16%) logged on to find out the value of their friends’ and neighbours’ homes, compared with 12% in Newcastle, 7% in Brighton and 6% in Liverpool (see regional breakdown below). One in eight (13%) also said that they wanted to know how much their colleagues’ properties were worth.
Those aged between 25 and 34 were the most fixated with the property market, with eight in 10 regularly looking at property, despite having no intention of buying or renting. They were also the nosiest age group, with more than one in six (17%) checking the price of their friends’ and neighbours’ homes, and one in eight (13%) snooping on their colleagues’ properties.
With the average first time buyer age now at 34, it is perhaps no surprise that 63% of this age group stated that this was out of curiosity, whilst 29% wanted to know when would be a good time to move.
The survey of 1,399 people, conducted by independent research company also found that one in 10 people logged on to keep an eye on how their house was positioned in terms of investment. The same number looked at properties online to find out if it was a good time to move home.
On average people spent 55 minutes per month looking online at property, with more than a quarter (29%) looking at between 3 and 5 homes a month, one in seven (14%) between 16 and 20, and a fifth between six and 10.
It is not just home owners who are obsessed with house prices. The research reveals that almost six in 10 (58%) of people renting a home keep a watchful eye on property online.
Peter Bolton King, Chief Executive of the National Federation of Property Professionals, which launched PropertyLive.co.uk, said: “It is no secret that Brits are always concerned about the value of their own properties. But property surfing on the internet has become a hobby for those of us who are just as interested in snooping on the price of neighbour’s and friends’ homes.
“In the digital age, property portals are the internet equivalent of spying on the neighbours from behind net curtains. It is the modern way of keeping up with the Joneses.”
NOTES TO EDITORS
1) Peter Bolton King is available for interview
2) For further information or case studies please contact:
Tel: 0203 128 8172 or 07768 695 087
Tel: 020 3128 8152 or 07763 609 318
PropertyLive.co.uk is the only property portal in the UK that has been created and is run by fully regulated property agents. All agents advertising a property on the site belongs to one or more of the following associations, all of which are under the umbrella of NFOPP: the National Association of Estate agents (NAEA); the Association of Residential Letting Agents (ARLA); the National Association of Valuers and Auctioneers (NAVA); and the Institution of Commercial and Business Agents (ICBA)
Members have joined the respective associations to demonstrate their commitment to professional standards in the property industry to which they can be held accountable. Members are not charged to advertise their properties on the site.
4) The research
The research was conducted by independent research company, Opinion Matters, in April 2009. 1399 people across the UK were surveyed through an online omnibus survey.
5) Regional breakdown – see chart attached
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