Even in These Times of Falling House ; Analysis [Scot Region]

Daily MailFebruary 11, 2009

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Summary


EVEN in these times of falling house prices, Jacqui Smith's family home has proved a sound investment. The Home Secretary and her husband Richard purchased the substantial detached home, set in an exclusive residential area in her West Midlands constituency, almost five years ago for Pounds 295,000.

According to local estate agents, similar properties in the area still fetch upwards of Pounds 375,000.

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Extract


Even in These Times of Falling House ; Analysis [Scot Region]

What makes the investment even more attractive is that the taxpayer has been subsidising a large chunk of the Smith family mortgage.

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