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Emirati investors are increasingly looking for properties close to UK universities and schools, especially in London, to act as a safe haven for children visiting these educational facilities, according to a top UK residential project developer.
Education is one of the main drivers of UK property sales, according to Barratt Developments, the UK’s leading residential property development company, especially in London, which saw an increase in inquiries about interest in properties near some of London’s top education facilities last year.
The UK is one of the world’s leading destinations for international students, according to UCAS, the UK university admissions service, with many choosing London for its reputation as a globally renowned academic centre.
In addition, figures from Enrollment Services show that international undergraduate applicants will increase by 46% to 208,500 by 2026, while the number of Emirati students choosing to study in the UK has grown by an incredible 247% since 2011.
According to Stuart Leslie, director of international sales and marketing at Barratt London, the volume of property enquiries, with education as one of the main investment drivers, is increasing year by year.
“About 40% of our enquiries in the Middle East are education-related. For many parents in the region who want to send their children to London schools and universities, having a bolthole that allows them to visit their children more freely is a prerequisite,” said Leslie.
“When they’re not using it themselves, they can take advantage of the high yields available to the city and use it as a rental property, creating a win-win situation,” he added.
“Many of the people we spoke to, especially from the UAE, were focused on sending their children to the UK and investing in the property market because they were educated there and understood the investment opportunities to own property in London.”
Across London, 27% of primary schools and 36% of secondary schools achieved the highest outstanding rating, but some London boroughs were rated higher than others.
Barratt London says its developments are well-located and well-connected, including the new Crossrail train service, the Elizabeth Line, which significantly reduces travel times across the capital and puts many of London’s best schools and universities within easy reach.
The London Borough of Barnett, for example, is one of the best performing areas in the capital, with 33% of primary schools rated as excellent. It added that three grammar schools, Henrietta Barnett Girls’ School, St Michael’s Catholic Girls’ Grammar School and Queen Elizabeth Boys’ School, were all very popular.
Among private schools, Mill Hill School, a co-educational day and boarding school for students aged 13 to 18, has a particularly strong reputation.
The Mill Hill School Foundation includes Grimsdell School for ages 3 to 7, Belmont Prep School for ages 7 to 13 and Mill Hill International School, which specialises in providing quality education to children aged 13 to 17 from around the world.
These excellent Mill Hill schools are just a 12-minute walk from Barratt London’s Ridgeway Views development in north west London, overlooking the rolling hills of the Tortridge Valley.
The 460 new homes there are surrounded by 47 acres of green space, and adjacent to Mill Hill Village, a quaint area with country pubs and duck ponds, but also well-connected by London Underground services, taking you to the city centre in just half an hour.
One of the most famous public schools in the UK is Harrow School, established in 1572 by a royal charter granted by Queen Elizabeth I and whose alumni include Winston Churchill, Nehru and King Hussein of Jordan.
Nearby private school options include John Lyons School, for boys and girls aged 11+, or North London College School, a girls’ school, while public secondary schools, Norville Hill High School and St Dominic’s High School are highly regarded.
Harrow School is less than two miles from Eastman Village, a Barratt London scheme in what was once the main regeneration area of the Kodak factory.
The derelict site will be replaced by 2,000 homes, two schools, a health centre, community facilities, gyms, open spaces and leisure facilities, as well as offices, shops and a network of cycle and walkways, in Harrow.
Copyright 2022 Al Hilal Publishing and Marketing Group Courtesy of SyndiGate Media Inc. (Syndicate information).
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