Royal Property Boost
(Story acquired from Estates Gazette 30th April 2011, pages 8 and 9)
On April the 29th the world tuned in to watch the Royal Wedding. Unbeknown to most, business analysts gave varying predictions about how the nuptials of Prince William and Catherine Middleton would effect the economy. Results show that the last 5 royal weddings, dating back 30 years have been followed by a property boost.
The wedding of Charles and Diana in 1981 was followed by a 4.5% growth in capital value, whilst in 1992 the wedding of Princess Anne and Timothy Laurence saw a 8.3% rise. Results after this years wedding currently show a 0.17% growth in capital value.
We wish the couple the best of luck and hope that they continue to carry on this tradition.