Tony and Cherie Blair's property empire

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Tony and Cherie Blair's property empire

Post by Ria on Thu Mar 17, 2016 6:37 am

Tony and Cherie Blair's property empire worth estimated £27m
Former prime minister, his wife and children are registered owners of at least 10 houses and 27 flats between them, including several in central London
Tony Blair’s home in South Pavilion, Wooton Underwood, Buckinghamshire.

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Monday 14 March 2016 17.51 GMT Last modified on Tuesday 15 March 2016 09.58 GMT

Like many parents who have done well out of the house-price growth of the past three decades, Cherie and Tony Blair have been able to help their children on to the housing ladder. Unlike many parents, that assistance has extended to handing over properties worth many millions.

Since they bought a £30,000 home in his former Sedgefield constituency in 1983, the Blairs have built up a property empire worth an estimated £27m. The former prime minister, who presided over a period during which 70% of households were homeowners, has been increasing homeownership within his family since leaving office.

The Blairs no longer own the Sedgefield home – it was sold for £275,000 in 2009 – but the family are the registered owners of at least 10 houses and 27 flats, and their three oldest children each have their names on at least one set of deeds.

While their contemporaries are increasingly finding themselves consigned to renting, the young Blairs each have a home in central London, within a stone’s throw of the Georgian townhouse in Connaught Square that the former prime minister bought when he left Downing Street. That property, which is owned together with the house immediately behind it, is estimated to be worth more than £8.5m - more than double the price the former prime minister paid in 2004.

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