BUCKINGHAM PALACE HAS RECENTLY BEEN VALUED FOR THE VERY FIRST TIME AT OVER £1 BILLION. THE QUEEN'S OFFICIAL LONDON RESIDENCE WAS ESTIMATED BY HOME VALUATION SITE Zoopla.co.uk, MAKING IT THE UK'S MOST EXPENSIVE FAMILY PROPERTY. BUT THE PRICE TAG IS HARDLY SURPRISING WHEN YOU CONSIDER THAT THE PALACE HAS 775 ROOMS, INCLUDING 19 STATE ROOMS, 52 ROYAL AND GUEST BEDROOMS, 188 STAFF BEDROOMS, 92 OFFICES AND 78 BATHROOMS. IT ALSO HAS A CINEMA, SWIMMING POOL, 40 ACRES OF LAND WITH GARDENS AND PARK LAND, AND IT'S VERY OWN POST OFFICE. A ZOOPLA SPOKESPERSON SAID; 'EVERYTHING HAS A PRICE, EVEN BUCKINGHAM PALACE. AND IT SHOWS THAT THE ROYALS MIGHT BE SHREWDER INVESTORS THAN THEY ARE GIVEN CREDIT FOR, GIVEN THAT BUCKINGHAM HOUSE, AS IT WAS KNOWN THEN, WAS REPORTEDLY PURCHASED FOR ONLY £21,000 BY KING GEORGE III IN 1761.' THE QUEEN'S WEEKEND RETREAT, WINDSOR CASTLE, HAS ALSO BEEN VALUED FOR THE FIRST TIME AT OVER £200 MILLION. THE FIGURE TAKES INTO ACCOUNT THE £37 MILLION SPENT ON RESTORATION FOLLOWING THE 1997 FIRE. HOWEVER, IT SEEMS THAT THE ROYALS DO HAVE SOMETHING IN COMMON WITH OTHER BRITISH PROPERTY OWNERS, AND ARE NOT IMMUNE TO THE FALL IN THE HOUSING MARKET. ZOOPLA HAS ESTIMATED THAT BUCKINGHAM PALACE HAS FALLEN IN VALUE BY AN ESTIMATED £57 MILLION IN THE LAST 12 MONTHS. WINDSOR CASTLE FARED ONLY SLIGHTLY BETTER WITH A DROP IN VALUE OF £8 MILLION SINCE LAST SUMMER.
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