Homeowners pay up to €25k extra to live near schools

Homeowners pay up to €25k extra to live near schools

A new survey shows people are paying more to live close to primary and secondary schools.

According to property website Daft.ie, homeowners are paying an average of €4,700 to live within 200 metres of a primary school and €3,600 to live near to post primary schools.

The research shows this rises considerably in Dublin, from an extra cost of €11,850 in West Dublin to an average of €25,000 for primary schools in South County Dublin.

"What we find is- particularly when we're talking about primary schools - is that there is that premium," said Ronan Lyons, an Economist at Daft.ie and Assistant Professor of Economics at Trinity College Dublin.

"On average, across the country, if you lie within 200 metres of a primary school it's 2.6% more on average, and a post-primary school it's 1.9% more."

He said the report highlights proximity to primary schools costs more in rural areas than cities and towns, with rural proximity to primary schools commanding a 3% premium.

It also found the premium is slightly higher next to an Educate Together school.

The report was based upon 497,662 price observations from Daft.ie's own price listings since 2006.


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