The Queen Of The Property Market
She may be seen as just the head of state in the eyes of many of the UK population, but the Queen has a great head for figures, perfectly demonstrated by the £211 million record profits produced from her property portfolio. Even in times of trouble it seems as though the Queen can do no wrong, although the income from her portfolio does filter back to the UK government under ancient rules.
However, the Queen's property portfolio is like no other in the world, including such addresses as Pall Mall, St James's Street in London as well as London's Regent Street and over 300,000 acres of urban and rural land dotted around the whole of the UK. To a certain extent properties such as those mentioned above are able to hold their value because of the prestige and scarcity value.
Interestingly, the announcement of record profits from the Queen's property portfolio has followed news that Prince Charles' Duchy of Cornwall estate has also seen profits and asset values move markedly higher. After being on the end of some harsh criticism over the last few years it seem that the Royal Family's finances may have turned a very helpful and lucrative corner.
Share this..
Related stories
Dave Hartnett to appear before Treasury Select Committee
Dave Hartnett, the permanent secretary of HM Revenue and Customs, is likely to be summoned to appear before the heavyweight House of Commons Treasury Select Committee to explain the ongoing tax debacle in the UK. He will no doubt be questioned about his reluctance to issue an apology over the weekend prior to pressure from the government forcing a U-turn in his comments and a grovelling apology....
Read MoreSatellite TV company Setanta on verge
Irish satellite TV company Setanta is this evening on the verge of a remarkable recovery with news that a US billionaire has offered a £20 million lifeline in exchange for a majority stake in the business. Leonard Blavatnik has put forward a plan for the business which would see his company invest £20 million for a 51% stake in the operation. This comes after a very difficult period for the Iris...
Read MoreIt is the increase in UK property prices happening across the board?
While a number of recent surveys have suggested that UK property prices continue to increase it is becoming more and more apparent that price performances in different areas of the country can differ wildly. As ever, it is the South of the UK which is seeing the largest increase in property prices although there are a number of "hotspots" in the Midlands, the North and Scotland. The truth is th...
Read MoreBritish Airways avoids Christmas strike
While British Airways is said to be in talks with the Unite union about averting the proposed 12 day strike action over Christmas, the company has won a reprieve in the courts forcing the union to hold another ballot before being able to press ahead with the strike action. However, such a ballot cannot be held until the end of January at the earliest therefore the company has managed to avert the...
Read MoreUK debt tops £1 trillion but could double within 12 months!
It has been revealed that the UK government is in debt to the tune of £1 trillion due to increased spending to try and stimulate the economy and reduced tax income. However, over the next 12 months we will likely see the debt in relation to Lloyds Bank and Royal Bank of Scotland added to this total which could increase the debt in the UK by a further £1.5 trillion. This would see the UK in arrea...
Read More