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Nationwide charts show schools&#39 effect on prices

Nationwide has utilised the Primary School Performance Tables published by the government to compile charts which show schools&#39 effect on local house prices.

Alex Bannister, Nationwide&#39s group economist, says: “In the past two weeks thousands of children have started their first year at primary school.

“Traditionally, primary schooling is viewed as crucial in providing children with the basic building blocks of learning and thus parents put a great deal of effort into researching the performance of local schools.

“Furthermore, it is generally accepted that a factor influencing property purchase is the quality of the local primary school.

“Since catchment areas are relatively small and most parents want to limit the time that their children spend travelling to school it would seem logical that properties that are close to a good school command a premium.

“But although school quality is one factor in determining the value of a property, there are many other attributes that matter and we have dedicated previous studies to these. It is therefore essential that the results of our latest study are viewed in conjunction with these other value-adding factors.

“This research isolates the specific impact school performance has over and above other neighbourhood and property characteristics such as local neighbourhood type, number of bedrooms, square footage, parking, central heating, property type and region.”


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