Living in luxury – some more than others

Buckingham Palace

by ANTONY CLAY

THOSE at the top have certainly got nice places to live in – but a new survey has revealed which leaders’ dwellings are worth the most.

The report by property valuation experts Emoov reveals the eye-watering price tags attached to the homes of world leaders.

The study – which can be found in full at https://www.emoov.co.uk/ministerial-mansions/ – shows that the Queen has the most expensive home, worth 80 times more than Boris Johnson’s Downing Street pad.

The values of the properties are based on factors such as the price per square metre in the relevant city, the property’s age and a cultural premium.

Buckingham Palace in London has been given a value estimated at £4.9bn which, if sold, would make up 0.2 per cent of the UK’s entire Gross Domestic Product (GDP).

However, the Sultan of Brunei’s residence, the Istana Nurul Iman, if sold would account for a staggering 29.3 per cent of Brunei’s entire GDP.

The Blue House, home to Moon Jae-In, the President of South Korea, measures 5,310 square metres and has the highest land value at £276,635 per square metre, followed by Number 10 Downing Street, with a land value of £175,274 per square metre for just 353 square metres of property.

The overall floor plan of Buckingham Palace is around 77,000 square metres, making the cost per metre square £64,831. This is 500 per cent more than the average price per square metre in Central London, which is £11,523.

German Chancellor Angela Merkel has the lowest home valuation at £912,600.

But only five of the 20 leaders in the study could actually afford to purchase their residence personally, one of these being US president and business billionaire Donald Trump.

20 world leaders’ homes ranked from most to least expensive:

  1. Queen Elizabeth II – Buckingham Palace (UK): £4.9bn
  2. Hassanal Bolkiah (Sultan of Brunei) – Istana Nurul Iman (Brunei): £3.01bn
  3. Moon Jae-in – The Blue House (South Korea): £1.46bn
  4. Emmanuel Macron – Elysée Palace (France): £1.41bn
  5. Vladimir Putin – Grand Kremlin Palace (Russia): £1.3bn
  6. Sergio Mattarella – Quirinal Palace (Italy): £1.2bn
  7. Shinzo Abe – Kantei (Japan): £7.34m
  8. Donald Trump – Trump Tower (USA): £630m
  9. Recep Tayyip Erdogan – The White Palace (Turkey): £628m
  10. Ram Nath Kovind – Rashtrapati Bhavan (India): £471m
  11. Donald Trump – The White House (USA): £396m
  12. Miloš Zeman – Prague Castle (Czech Republic): £358m
  13. Pedro Sánchez – Palacio de la Moncloa (Spain): £150m
  14. Boris Johnson – 10 Downing Street (UK): £61m
  15. Scott Morrison – The Lodge (Australia): £47m
  16. Justin Trudeau – Rideau Cottage (Canada): £40m
  17. Jair Bolsonaro – Palácio da Alvorada (Brazil): £20m
  18. King Salman – Justice Palace (Saudi Arabia): £14m
  19. Joko Widodo – Merdeka Palace (Indonesia): £6m
  20. Angela Merkel – Chancellery (Germany): £912k

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