Supermarkets top the list of most desirable high street establishments among UK adults, according to a recent survey by Market Financial Solutions.
The specialist lender conducted an independent survey of 2,000 UK adults, revealing that a vibrant local high street is a key factor for 51% of people when choosing where to live. Additionally, 28% of respondents would be willing to pay a premium for properties located near a bustling high street.
When asked what makes a great local high street, supermarkets emerged as the most popular choice, with 91% of participants considering them either ‘essential’ or ‘important.’
Healthcare establishments (GPs, dentists and opticians – 90%) and post offices (89%) are the second and third most sought-after high-street features.
Conversely, at the bottom of the list, just a third (34%) of people said that boutique shops for fashion, home décor or furniture are essential or important, while gyms and fitness studios (42%) came one place higher.
As for hospitality venues, three fifths (61%) of UK adults said that pubs are essential or important, losing out to cafes and coffee shops (65%) and restaurants and takeaways (68%).
Here is the top 10 in full:
- Supermarkets (including mini, local and express supermarkets) – 91% said they are ‘essential’ or ‘important’
- GPs, dentists and opticians – 90%
- Post offices – 89%
- Convenience stores that are open late – 77%
- Hairdressers and barbers – 70%
- Restaurants and takeaways – 68%
- Cafés and coffee shops – 65%
- Pubs – 61%
- Gyms / fitness studios – 42%
- Boutique shops for fashion or home décor/furniture – 34%
Paresh Raja, CEO of Market Financial Solutions, said: “Convenience reigns supreme, with UK adults naming supermarkets as the most essential element of a high-quality high street. More than that, with 28% willing to pay more for a property close to a vibrant one, it is clear that vibrant high streets remain integral to the decision-making of many Britons when searching for a home.
“For all the speculation about the death of the high street over the past two decades amid pressure from eCommerce and rapid delivery services, they are evidently still at the heart of local communities. The resilience they have shown and the popularity they still have suggests they’ll continue to hold strong appeal in both the residential and commercial property markets in the years to come – something property investors ought to consider.”
