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Posts Tagged ‘Expensive’

It’s a shame that some of these are known as homes, when they can very easily put a five star hotel to shame. These suburban palaces can quite comfortably compete and defeat full-fledge hotels or luxury apartments in terms of grandeur and size. Most of these palaces (sometimes ‘mistakenly’ referred to as homes) cover thousands of square feet of land, took years in completion, and enjoy unparalleled designs. No wonder that these properties are incredibly high priced. Let’s take a look at some of these legendary residences. Note that the lists keep changing on yearly basis, with massive price tags attached, you can always expect a massive slash in prices (that can be as much as 30 – 40 million).

Antilla:

A home worth more than one billion dollar; how’s that for expensiveness? Antilla is a 170 meter tall skyscraper that happens to be the home of Mukesh Ambani, valued at one billion dollars; it is currently the most expensive home in this world. You can estimate the size and grandness by the fact that its garage has a capacity of more than 160 cars. And in case it is out of space, visitors can use helicopters to arrive, as it has 3 helipads of its own. It’s interesting to know that Lakshmi Mitall, another Indian in the list of the richest men, owns the most expensive home in Britain. 

Fleur De Lys:

A property owned by Suzanne Saperstein, the house is on sale for some time now. With demanding price set at a staggering $ 125 million dollars and the owner seemingly not interested in reducing it anytime soon, it may remain on market for some more time. Spreading on more than 40,000 square feet of land, Fleur De Lys is known as the most expensive property in United Estates.

Villa La Leopolda:

Recently, the villa was sold at an astonishing price of 750 million dollars (making it arguably the most expensive deal in the history of home purchases). The deal doesn’t turn out well though, these days there’s some tussle going on in between the buyer and sellers. Irrespective of the end result (i.e. the deal take place or not), Villa La Leopolda is worth including in the list of most expensive homes. Located in a French town, it used to be a residence of Bill Gates at one point of time. No big deal for the Villa though, as it was built and occupied by King Leopold II of Belgium.

Incoming Term : lakshmi mitall (1), 

Ever since the mortgage crisis took off in the US real estate market, things have never been the same again. Ordinary property prices for the masses clamped down hard and never bounced back in spite of all the optimism and the US bail out package. The world seems to be crying over the sad demise of many property investors not being able to even recover their investments what to talk of gaining anything. Many would think that this has nothing to do with the expensive lot of properties in the US and as the reason go that “rich people will buy expensive things, and it has nothing to do with all the fuss”. We would have been glad if the statistics would have really backed our claims for any recovery in all kinds of properties. The economic recession has hit the expensive properties even harder then anticipated. Great investor and famous billionaire Warren Buffet once rightly said that “Unfortunately, the economy is a little like a bathtub. You can’t have cold water in the front and hot water in the back”. So as the saying reveals hearts have been broken and emotions have been tempered with because of the response the very expensive properties have got after being listed on sale for months or even more then a year.
The sellers are really disappointed especially the owners have really felt the pain when they needed the proceeds of the sale the most. They have been trying to invent new strategies that would make them able to sell their properties they made with their heart and soul. They are slashing the price tags by 25% to even 30% to get the deal done and amongst the effected are the owners and sellers of properties falling in price tags of many million dollars. Some of the properties have been so long on the list that despondent sellers have got their properties de listed from the selling properties list after a never ending wait for a paying potential buyer. Some of the real estate experts believe that the property prices earlier were build up out of ravenousness and the prevailing prices show the actual worth the properties have in the market. The other thing that has also been considered as a major factor behind this extra charging of price is the emotional attachment of the owners that has furthered the price increase to extravagant levels. One of the most important features that made a world of difference was the credit lending facility. Since many buyers wanted to get leveraged by the loan facility, it wouldn’t mean hurting their regular business operations by buying a large chunk of property on cash. Since the overall business scenario has been in woods for some time, inability to get financed or being already in problems has also decreased the number of buyers interested to buy such expensive property lots.
Source:
Dubai Property