Young families are being increasingly priced out of renting in two-thirds of UK – Katar Investments

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Young families are being increasingly priced out of renting in two-thirds of UK

Former Prime Minister Tony Blair has a property empire worth an estimated £27m, with his wife and his children owning at least 10 houses and 27 flats between them.

Starting with a house in his former Sedgefield constituency – which was bought for £30,000 in 1983 and sold for £275,000 in 2009 – the family has built a property portfolio worth £27m including several properties in central London.

Mr Blair has also helped his three eldest children get on the property ladder as each of them have their own home in central London just a few miles from the Georgian townhouse in Connaught Square which the Blairs bought when they left Downing Street.
The property – along with the house behind it – is now worth double what Mr Blair paid for it in 2004 at £8.5m.
As well as London, the Blairs have financial stakes in properties in Buckinghamshire, Manchester and Stockport.
Cherie Blair and the couple’s eldest son Euan both own a 50 per cent stake in Oldbury Residential – where Euan is a director – which owns a portfolio of buy-to-let flats in the North West.
The company’s filings show it bought 27 flats with mortgages worth just under £2.2m in total.