City-universities in England the most attractive for purchase of residential property

For anybody not a secret that education is an important part of British society, and the proximity of the school or University in the UK affects the price of property in England and Wales. Proximity to good school, College or University significantly increases the attractiveness of residential property and the housing market is recovering in those areas much faster. Prices on homes in areas of England where you’ll find independent schools outperform the average house prices in the UK. If the whole of the UK home prices have reached up to 98% from their peaks in 2007 and is now worth £173500 house within 2 miles of independent schools and colleges are 116% from their peak in 2007 and their price is £354000. Such data results in its study, the Agency Hamptons International.

A similar pattern is observed in the real estate market of London. Real estate prices in London on average has now exceeded its maximum value, 2007 30%. However, near private schools, the cost of real estate is 66% more expensive than their highs of 2007. If we take the most famous schools and colleges in the district Schools of Westminster, the price of apartments and houses in London exceeded its maximum value, 2007 100%. in the area of school St. Paul’s by 75%.

In the South-West and South-East coast of England, housing prices returned to their pre-crisis values, but no more. However, near the private schools of the South coast house prices in England is 17% higher . The study noted that South and South-West of England attracts a large number of students from abroad.

Numerous universities located in the coastal towns, support the local economy and contribute to the growth of prices for residential property in England. A large number of students is stimulated, the demand for rental housing. Near universities is actively developing research activities, build research city, which in turn provides employment in the region and, consequently, influence the real estate market in high demand.

Thus, cities with universities, colleges and private schools more attractive to buy a home and there is an increased demand for residential property, rental housing and increase in employment.

Investors actively use this feature of the British real estate market, trying to invest in the city – universities .

® Helen G. Antre 03.06.2015

Home Cambridge 4 bedroom 107 sqm – £440000

Cambridge

Real estate Oxford

Investment in student housing

Investment in student housing. Luton and Richmond.

Student housing in Canterbury

Houses and apartments in Cambridge