UK Landlord Forum / Life

If not yet, he might be soon.



John Prescott's attempt to follow Tony Blair in becoming a property magnate is lying in tatters as he falls victim to the housing crash.

A two-bedroom Central London flat the former Deputy Prime Minister bought for £740,000 with a mortgage last September has fallen in value by £100,000, say analysts.

It is likely to have dropped by more than £200,000 in the next 18 months.

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