“According to the London School of Economics (LSE), a 2006 UK study showed that people were prepared to pay substantially more for properties close to good state schools,” says Gareth Bailey, Pam Golding Properties area principal for Durban Coastal. “According to LSE’s Professor Steve Gibbons, “a primary school one standard deviation above the average in terms of pupil performance…attracts a house price premium of around 3%. This means that a school at the top of the league tables attracts a premium of around 12% relative to one at the bottom. At the time of this 2006 study, this was equivalent to £21 000.
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