New research by Santander Mortgages has revealed that families are prepared to spend an extra 12% for their chosen school catchment address, which amounts to an additional £26,800 on top of the average UK property price.
Having a joint mortgage is a bigger commitment than marriage, according to 40% of British adults.
The average price of a property in Scotland in November 2016 was £143,033, according to the latest UK House Price Index. This is an increase of 3.3% on the previous year and an increase of 1.5% when compared to the previous month.
New research from Bank of Scotland has revealed that Scottish parents are prepared to pay a premium of as much as £80,000 on average to live in the catchment area of a top performing state school.
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