Revealed: How property price affects friendliness in London
⦁ 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!”
You May Also Enjoy
Exploring the Financial Success of Real Estate Ventures: Tycoon Real Estate’s Journey
Improving Your Credit for Home Financing: The PropTech Advantage in Real Estate
How AI in AML is Revolutionizing Financial Crime Detection?
Halifax House Price Index for August
Nationwide House Price Index for August
