Revealed: How property price affects friendliness in London

Written by Estate Agent Networking UK on - Home and Living -

⦁ Higher property prices tend to mean less arguments, analysis shows
⦁ £532,486 is the ideal property value for living the peaceful life in the capital
⦁ Research reveals the city’s main causes of arguments between neighbours
⦁ Noise and parking the biggest cause of disputes among London’s residents
⦁ Full findings can be found here

The greater the value of the home, the lower the chance of arguments between neighbours in London, according to a new study.

Research by window blinds retailer, Direct Blinds, found that there was a correlation between property price and the level of arguments between neighbours, with altercations fewer and far between in London as the property price increases.

Stats showed however, once passing the £1.7 million threshold, the number of quarrels then rises again, proving money cannot buy you happiness in the capital, instead it could lead to having a frosty relationship with fellow residents.


Average house price data suggests that £532,486 is the optimum property value for those in the capital hoping for a quiet and peaceful life, with occupants in these properties having the lowest chance of weekly arguments with neighbours.

At the other end of the spectrum, residents of homes with a value of £365,564 tend to have less cordial relations, as they’re most likely to cause confrontation with one another.

Direct Blinds looked at ten London boroughs, giving a representative spread of house price, geographical location and population.

A full breakdown of the findings, methodology and supporting graphics can be found here.

Noise complaints topped the charts as the most common cause of these disputes between London neighbours (22%), this was followed by car parking (10%) and disputes of the bins (7%).

Quarrels are frequent in the city, with 10% of Londoners involved in disagreements with neighbours at least once a month, 6% admitted to doing so on a weekly basis, and 5% were guilty of arguing daily.

David Roebuck, Managing Director, at Direct Blinds, said: “London is one of the most sought after locations to live in the world, attracting people from all over the globe, this is what makes the capital such a diverse place to live.

“More often than not perceptions can be quite different to reality, especially elsewhere in the UK where Londoners can have a reputation for being stand-offish.

“It was interesting to find that a quarter of Londoners would never introduce themselves to a new neighbour and that 10% argue at least once a month, love thy neighbour seems to go amiss here!”

Author: Estate Agent Networking UK

We share news updates and posts from within in the industry. All content shared via this Estate Agent Networking user account are third party and not that of our team.

Share
 

Recent Popular Articles


Kerb Appeal is Sex Appeal


One of the questions we always get asked is 'do I need to re-paint to sell my home'. It is true, a well kept home


Period features: Restore or replace?


Many property buyers dream of owning a Georgian townhouse, Victorian villa, Art Deco apartment or other stylish period building. Period homes not only satisfy people’s


House Flipping Basics Guide


In the field of estate management and investments, the act of house flipping has been going on since there has been such a business, but


HOW TO DESIGN YOUR LIVING ROOM


The living room is one of the most used rooms in your home. It’s where we get together with family and friends, to entertain, relax,


Period Property Vs New Build - Which is Best?


With a plethora of modern housing being built to meet the demand of buyers, we decided to weigh up whether new build properties with the