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Back to school
A new report has shown that property prices are far higher in locations
which are close to good state schools
Returning to school after all these years may well be many
people's idea of hell, but many are listing proximity to a good state school as
a top priority when searching for a new home.
Due to this demand, estate agent Savills and building
society The Halifax found that the price of the average home in the catchment
area of a good state school was 12% higher than that of a property in an area
without a good school nearby.
This is partly due to the rising cost of private education,
which has risen by 41% in the last five years.
Halifax's
Chief Economist Martin Ellis said, "Private school fees are going to be one
thing that people are asking if they can afford and that could well put upward
pressure on prices near good state schools."
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