Public green space becoming more important to homebuyers, study suggests

Cutting commuting time and having access to leisure facilities such as green space, sports facilities, bars and restaurants nearby is becoming more important for those looking to buy a home, according to a new study from Santander Mortgages.

Green space. Image: MorgueFile
Green space. Image: MorgueFile

Cutting the daily commute is the most important factor for homebuyers, with 33 per cent of Brits looking to buy a home citing closeness to work as essential and 28 per cent naming proximity to public transport as a key factor.

House hunters are increasingly looking to maximise their free time by buying properties near leisure facilities. Nearby access to green space remains key, cited by 17 per cent of respondents, while proximity to sports facilities important to 5 per cent of homebuyers, up from 2 per cent.

In contrast, features inside the home are becoming less important to prospective homebuyers, with decreases in those valuing more space (27 per cent, down from 29 per cent); having a garage or parking (15 per cent, down from 18 per cent); a south-facing garden (12 per cent, down from 18 per cent); and a private outdoor area (11 per cent, down from 14 per cent).

Miguel Sard, managing director of mortgages at Santander UK, said: "We are becoming a recreation nation as we look to minimise the amount of time we spend travelling to and from work, and maximise the time we can spend enjoying ourselves playing sports, enjoying green spaces and socialising in bars and restaurants."

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