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Parents ready to pay for homes near good schools

September 16, 2008

A quarter of parents are willing to pay up to £50,000 more for a property to secure access to a top rated state school.  Research conducted by YouGov on behalf of Fidelity International, suggests that 3.9 million parents would be willing to pay as much as that to get a place for their kids into a good school. 
With private school fess rising sharply, the research suggests that many may not able to afford private education and may be investing in a good location instead. A third of parents (31 per cent) said that the quality of schools in an area would play a big part in their decision to buy a house, and one in five said they would only actually buy a house if there were good schools in the area.  Furthermore, one in five parents would be prepared to commute further to work and 12 per cent would move away from friends and family if it meant that their home was close to a better school.
 
 
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