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BuyingBear

Blairs Bad Timing And Losses In The Property Market

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The Blairs are buying: time to sell

"There's good news for those praying for a property price crash: Tony and Cherie Blair have just bought a house, and for the last decade they have been one of the best contrary indicators of the market around. Cherie may have been pretty shrewd when she picked up their last house in Islington for just £375,000 after arranging a swap with the previous owners, saving them the stamp duty and estate agent fees. But her decision to then sell it for £615,000 in 1997 when a well-flagged housing market boom was just getting under way was disastrous. The house was back on the market in May, with an asking price of £1.69m. Cherie was reported to be furious at having missed out on a cool £1m.

Her next dabble in the market was just as poorly timed. Indeed, her purchase of two luxury flats in Bristol for £525,000 seems to have marked the absolute top of the boom in buying new-build two-bedroom flats for letting in urban centres. Now the Blairs are selling, but once the stamp duty and estate agent fees are considered, local agents say they will be looking at a loss of £50,000"

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Opps, look what happens when you combine lawyers, politicans, estate agents, developers, banks and the Australian conman Peter Foster! :o

Edited by BuyingBear

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Guest Charlie The Tramp

Yes I beieve they bought 2004 in Connaught Square for 3.6 million, by the end of the year it was said to be valued only at 3 million and they dropped the rent but still no takers. Anyone have an update or further info on this.

Here`s a bit about it.Tony and Cherie`s Little House

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Anyone know the building in Bristol so we can take a look at nethouseprices ?

The Panoramic is where they bought the 2 flats. LINK

Flat 49 seems to have fallen a little :)

Edited by WooHoo

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The Panoramic is where they bought the 2 flats. LINK

Flat 49 seems to have fallen a little :)

Lol, £450k > £370k, ouch.

Let's hope Crash Gordon is endowed with an equally good sense of timing.

"prices only ever go up, except when they fall"

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The Prime Minister and his wife have an indisputable interest in house prices continuing to rise. They have lost a packet on the ridiculously overpriced 3.6 Million they forked out. Even if the market recovered they are still going to lose a a large sum.

And people wonder why we get spin, spin, spin.

VP

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The Prime Minister and his wife have an indisputable interest in house prices continuing to rise. They have lost a packet on the ridiculously overpriced 3.6 Million they forked out. Even if the market recovered they are still going to lose a a large sum.

And people wonder why we get spin, spin, spin.

VP

they couldn't really give a stuff!!!!.....TB is legally bound NOT to do the after-dinner circuit at the moment so cherie is doing it for him.As soon as he quits,he will rake in millions from that AND get a cushy number in the EU in a couple of years.

WHY does he not jack the PM job in now???...simple,POWER!!!!

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  • 338 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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