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ScaredEitherWay

Blairs' Property Investment - Down £500k (just One Of Them)

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Seems to have been overlooked, unless it had a title that was really obscure (as a lot do)

http://www.dailymail.co.uk/news/article-12...ed-mansion.html

Mr Blair and wife Cherie paid £3.65million for a mansion in Connaught Square in central London, in 2004, then expanded it by buying a mews house directly behind for £1.27million in 2007.

Even without the sizeable costs of converting the two houses into one, the Blairs paid £4.92million for their principal London home.

As the floor space is some 5,400 square feet, that works out at around £910 a square foot.

Yet a leading estate agent said yesterday it is selling another house on the square for £ 2.8million - £806 a square foot.

That would give the Blairs' home a value of £4.36million - a fall of just over £560,000 from the amount they paid for the properties alone.

The Blairs' arrival initially boosted local prices because of the 24-hour security they brought with them.

But since then values have crashed, according to estate agents Marsh and Parsons.

Guy Major, the head of the firm's Mayfair office, said: 'Mr Blair bought at the top of the market. We estimate that, in real terms, the property has probably lost about 23 per cent of its value since the market peak in 2007.

Read more: http://www.dailymail.co.uk/news/article-12...l#ixzz0PzsMlOM3

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The smarmy git won't care two buttons. He is now being "rewarded" for the damage he's done to the UK. Money won't be a problem for him unless his handlers come unstuck.

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Agreed, he is probably now rich enough not to have to care about such piddling sums. Think I read somewhere he was a Labour prime minister?

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he'll just have to do another 500k after dinner speech.

the rewards, in terms of directorships and shares, Blair will receive over the next 10 years will be vast.

The Carlyle Group , among other rewarded John Major (+ James Baker et. al.)

Peter Walker, now Lord Walker, became a non-executive director of deutsche bank. There are endless examples of rewards for Politicians that sold out.

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