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Tuesday, 29 May 2012

A Jubilee tale


Buckingham Palace is estimated to be worth £1bn, up 9000% since the Queen took the throne when it was estimated to have been worth £11m.

Were it ever to be sold, that would equate to c.£70m in stamp duty.

Windsor Castle’s estimated value was £2m when the Queen began her reign in 1952 and it is now estimated to be worth 9350% more at £189m – so that would be a mere £13.2m in stamp duty.

Don’t think they would be fans of the ‘mansion tax’ somehow.

Compared to non-royal residences, the average UK house price in 1952 was valued at £1,891 and is now up 8605% to £162,722.

During the Queen’s reign the average UK house price has increased from £1,891 to £162,722.

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