Research from Santander has found that a quarter of parents move house in order to be within the catchment area of a good school. Families are also prepared to spend an extra 12% to buy within their chosen school catchment address, adding £26,800 to the average UK property price.
1 in 5 also of those moving to be near a particular school had to change jobs and 20% downsized*. This follows research released by RightMove which found that parents are spending over £50,000 more to live near a good school**. (more…)
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