Ed­u­ca­tion in what mo­ti­vates buy­ers

Yorkshire Post - Property - - PROPERTY -

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.

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