Rich overseas parents buy £2bn of property to get top school places

Wealthy parents see London properties as route to private schools for their children

Wealthy parents from outside the UK bought about £2bn of property in London over the past year in order to get their children into private schools and universities in the capital, according to a high-end estate agent.

Knight Frank said foreign buyers snapped up 2,162 properties valued at a combined £2bn in the year to the end of May, up from £1.65bn in the previous year.

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from Property | The Guardian https://ift.tt/2oHQSTu
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