View more on these topics

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.”

Recommended

Mortgage 2000 announces final phase of roll out for Encore

In light of forthcoming regulation, Encore – which already features full MTE integration – has undertaken a three-phase roll out programme to ensure it will be fully compliant under the regulatory regime come October 31. Encore has already made available an &#39Initial Disclosure Documents Wizard&#39 within Encore, rather than terms of business, which is mandatory under […]

Savvy buy-to-let investors turn to commercial property

The Mortgages for Business survey shows that 71% of buy-to-let investors already have an element of commercial property in their portfolio and 89% of those who currently do not invest in commercial property have plans to widen their portfolio to include commercial properties. The survey also shows that commercial property investors favour small offices and […]

UNIPASS saves IFAs £288,000 per week

The survey provides an opportunity for Origo to assess the impact the service is having on an IFA&#39s working day, and the industry&#39s long-term goal of driving down costs. The survey, which was completed by 2,332 users – almost three times the 833 users that took part in last year&#39s survey, revealed some positive results. […]

Yorkshire launches two-year trackers with no tie-ins

The deals offer homeowners a tracker rate set at 0.25% below the Bank of England base rate, currently 4.50%. Borrowers just moving their mortgage will pay Bank of England base rate for two-years. A third two-year tracker mortgage, without any fees and offering a contribution to legal and valuation costs, is also available at Bank […]

Newsletter

News and expert analysis straight to your inbox

Sign up