Saturday, January 24, 2009

Queen Skirts U.K. Real Estate Slump as Farmland Gains in Value

Jan. 22 (Bloomberg) -- Queen Elizabeth II evaded Britain’s worst residential and commercial property slump in three decades last year thanks to the 480,000 acres (194,000 hectares) of farms, forests and parkland she owns across the country.

Investment returns from rural land averaged about 10 percent last year, according to Smiths Gore, which manages more than 2 million acres in the U.K.

The queen is Britain’s largest legal landowner when her private estates, Balmoral Castle and Sandringham,

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