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Nesgroup address: misc.invest.real-estate - Date & Time for the message: Mon, 21 Feb 2005 10:45:34 +0000 /

Author of the message: Biwah

Title of the message:
S Times: PM Blair "has made a hash of buy-to-let"

Text of the message:
Sunday Times
February 20, 2005
Tales of a Landlady: The Blair glitch project
The PM has made a hash of buy-to-let, says Rosie Millard
In lettings land, exciting news. The Blair house has at last got a tenant.
Apparently somebody has finally taken the opportunity to rent the Blair
"retirement project", a five-bed, four-bath town house just off Hyde Park in
Connaught Square W2. It's said to have gone for about £2,000 per week, but
nobody is confirming anything.
Tony and Cherie bought the Connaught Square house last September for £3.65m.
Not a great time to buy. Apparently the capital value has already skidded
down by £150,000.
Even more annoying, there appeared to be a dearth of tenants willing to live
in the prestigious house now owned by the First Family. It first arrived on
the lettings market at a premium price of £3,900 per week. After a lot of
interest from the press and precisely zero interest from anybody remotely



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