Housing slump hits celebrity A-listers
- Should Madge 'Get into the Move'? -
Amidst celebrity births, weddings and rumours of divorce, the recent housing slump demonstrates that our beloved A-listers are not that different to the rest of us after all. Madonna has been especially hard hit by the latest property downturn, owning a reported seven properties in the UK, one of which has seen almost half a million pounds wiped off its value alone since the start of the year.
Zoopla.co.uk, the UK's leading property valuation website, which provides FREE, instant value estimates on any UK home, has today revealed the latest drop in market values of some of our favourite celebrities' homes. And whilst Madonna's Ashcombe, Wiltshire, estate is still worth an eye-watering £10,233,900 (down £455,409 since January), some might take comfort in knowing that it's not just us mere mortals feeling the pinch from the credit crunch.
It seems that the Rooney's honeymoon is also well and truly over, with the news that their Cheshire mansion has dropped by almost a quarter of a million pounds (£240,369) in value over the past six months, a fall of 6.1%. However, it's hard to feel too sorry for the newlyweds given that their home is still valued at an impressive £3,730,300.
Whilst the Coles may not be sharing the same wedded bliss as the Rooneys, they can at least be reassured by their recent home purchase in Oxshott, Surrey, which is showing only a modest drop of £8,050 in the value since the beginning of the year, holding its value at £3,491,950. The Lampards, however, haven't been so fortunate with their Blackhills, Surrey home valued at £250,763 less than in January, now standing at £5,236,400 (down 4.57%).
High profile Londoners have also failed to escape the housing slump - waif-like supermodel Kate Moss may be lucky enough to reside in leafy St John's Wood, but with £96,925 being knocked off the value of her property in the last six months, who knows how long it will be before the next move is on the cards.
Hiding out in Wales hasn't helped much either, as Charlotte Church and Gavin Henson are finding out, with the value of their Vale of Glamorgan property falling by £20,712 since January, now valued at £805,920. Whilst this may be modest by some A-list standards, with another baby on the way, hopefully their detached farmhouse has plenty of space to accommodate their rapidly growing family.
Alex Chesterman, Founder and CEO of Zoopla.co.uk commented:
"It seems the nation's favourite celebrities aren't immune to the recent market woes felt by the rest of us. Providing you know the address, you can look up the estimated value of ANY home on Zoopla.co.uk completely free - your own, your neighbour's or even your favourite celebrities'. With the nation's property obsession and our voyeuristic tendencies, Zoopla.co.uk has now become the fastest growing property website in the UK".
- Ends -
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