PR94585

JAKARTA, Indonesia, Feb 21, 2022, /PRNewswire=KYODO JBN/--

Property prices grow with good schools nearby, how can we predict those prices?

EdHeroes Indonesia [https://edheroes.asia/] (part of the global EdHeroes

Movement [https://edheroes.network/en#2]) held an online forum

[https://www.youtube.com/watch?v=hTK3ineSWLQ] where Nicholas St Johnston

(Senior Property Specialist at International Finance Corporation), Andrey

Galiev (senior adviser at Rybakov PlaySchool), and Basuri Tjahaja Purnama

(President Director of Jababeka Morotai SEZ) spoke about the influence of high

quality educational establishments on the value of real estate on Saturday

January 29th 2022. They gave suggestions on how to make smart investments, and

provided insight into real-life situations.

Property value grows with quality educational establishments in close

proximity. Nicholas St Johnston mentioned there are several factors that

influence property value, most important of which is access to quality

education. Families, whose children are school-age are most willing to pay

extra for housing if a quality school is in close proximity. A research by BI

Group shows what people are willing to pay for near-school-housing, broken down

by age group. Andrey shared his personal example with Playschool

[https://playschool.ru/] in Russia. This educational establishment increased

nearby property value once families with school-age children began moving

closer, demand for housing increased and property value soared. Many developers

construct housing projects with schools in mind, knowing property value would

be higher.

To be ahead of the prices, and to make smart investments, it is important to

have a level of financial education. Andrey Galiev emphasized the importance of

knowledge and literacy when it comes to investing in property. The decision

made to invest in a certain property, especially with intentions to live there,

could contribute to the quality of education that the family’s children

receive. Since school attendance is influenced by school proximity, it is

integral to engage in research and understand the market. This is why financial

education is vital, and could be aided by comprehensive educational plans

devised by financial institutions. Governments are already investing heavily

into infrastructure to ensure easy access to quality education, since return on

investment into children’s education could increase 16-fold.

Sending children to desirable institutions is of utmost importance in itself,

and it could be discouraging to find high-priced housing nearby. Once there is

a good understanding of the relationship between educational establishments and

real estate, one could make smart property investments and significantly

increase their capital.

Photo - https://mma.prnewswire.com/media/1749771/EdHeroes_Foundation.jpg

Source: EdHeroes Foundation