Top Schools Provide The Means For A Recession Proof Home

Properties located within the vicinity of high quality schools are attracting asking prices up to three times higher than their neighbouring counterparts, new research from property consultants Savills has revealed, indicating that some homes are in fact, recession proof.

London, UK (PRWEB) November 8, 2009 -- Properties located within the vicinity of high quality schools are attracting asking prices up to three times higher than their neighbouring counterparts, new research from property consultants Savills has revealed, indicating that some homes are in fact, recession proof.

Due to the demand for good schools, homes which fall into the right catchment areas come with significantly higher than average asking prices.

Indeed, homes within the vicinity of the top 25 per cent of secondary schools can fetch up to 16 per cent more than properties outside the schools catchment area - up from 13 per cent in 2007. Furthermore, homes in areas with an amalgamation of good state and independent schools can be worth up to three times the county average.

Estate agents have been telling us for a long time that house prices are higher if there is a good local school and, this new research just goes to prove how right they were. However, on the other hand, the research also revealed that property prices around schools in the bottom quarter of the performance tables can be worth less than average - up to 10 per cent less.

Ottokar Rosenberger, Sales and Marketing Director of Ratedpeople.com, commented: "Estate agents have been telling us for a long time that house prices are higher if there is a good local school and, this new research just goes to prove how right they were. However, on the other hand, the research also revealed that property prices around schools in the bottom quarter of the performance tables can be worth less than average - up to 10 per cent less."

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Each month, Ratedpeople.com manages over £30m in home improvement projects with more than 1,000 tradesmen signing up, making it the UK's largest match making service for home improvers and recommended tradesmen. There are more than 55,000 ratings on Ratedpeople.com to date and its system ensures that tradesmen are only rated by previous customers who find them through the site. This results in one of the fairest and most robust rating systems on the web.

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