Value of Number 10 plummets since Brown moves in

Value of Number 10 plummets since Brown moves in



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According to new research, Number 10 Downing Street has plummeted in value since Gordon Brown moved in. 

Whereas Tony Blair and his family saw the property climb from £1.65 million in 1997 to more than £5 million in 2007, since Brown took the keys, the would-be price tag has dropped to £4.5 million – costing the taxpayer more than £460,000.
 
And it seems Number 10 has simply come in line with the rest of the county, as data compiled from the property website, Zoopla, reveals how property values in Tory constituencies are an average £89,500 higher than those in Labour’s.
 
According to Zoopla, average house prices in Tory constituencies are currently valued at £257,500, whereas those in Labour’s are valued at £168,000, with Brown’s own constituency in Kirkcaldy and Cowdenbeath amongst the lowest in the UK.
 
Commenting on Brown’s current residence, Nick Leeming, commercial director at Zoopla.co.uk, said: “10 Downing Street is one of the most exclusive addresses in the country, with a valuation to match. It is one of the few properties that will likely never come on the market and it takes millions of votes to secure the keys.
 
On the overall look of the housing market’s political make-up, Leeming said: “The election outcome may be unclear for now, but it is clear that the Tories rule in the property stakes with average property values in their constituencies significantly above those in Labour controlled areas.
 
“Interestingly, despite the fact that there are far fewer homes in areas under their control today, the Tories still have an equal share of the UK's property wealth, due largely to their strong presence in affluent rural areas and the south east of England in particular.”

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