Education in what motivates buyers
MOVING into the catchment area of a good school is becoming an increasingly important issue for concerned homebuyers, according to new research from Santander Mortgages. The findings reveal that for more than one in three (37 per cent) with a child aged 10 or under, this was their top priority, with many willing to pay an extra £12,141 to secure the home – and school – of their choice.
The Santander study shows that people planning a move would be willing to pay an extra £5,663 on average to be able to move into a good catchment area. The research suggests that women are more concerned and are willing to pay a £7,281 premium in comparison to £4,456 for men.