Real estate in England close to good schools and colleges continues to rise

Property located in area of good schools and universities in the UK, has a significant impact on the housing market. Rent residential property in England, Wales and Scotland in the heart of prestigious educational institutions much higher than rents in the national average. The vast majority of tenants in these areas – families with children.

In London – more than half of the tenants living in the area’s prestigious schools, or families with children. Tenants looking for a place to rent, first attracted by the proximity to jobs and proximity to good schools.

As a rule, the peak demand for rental housing in the district schools each year are in the summer months and September – that is, before the upcoming school season. Mostly people try to rent accommodation within a radius of 0.5 mile from the place of study of their children. Accordingly, within this distance, the price of rent is higher than housing prices, which is more remote from educational institutions. Houses and apartments with three and four bedrooms at a distance of not more than 1 km of schools shall be at 16%-20% more expensive than similar housing , but more remote.

More than 1.6 million households in Britain living in the private rental sector. This figure increased by 20 % for the year. And many families are trying to move closer to a good school or College to give their children a good education.

One of the main changes in the rental market of the UK in the coming years the growth will be families who prefer to rent their own accommodation. This market trend will definitely have an impact on the increase in rental prices of residential real estate near good schools.

® Alice Morgan on 22.07.2015

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