The World’s Priciest Pads
Recent posts on Sweet Digs Seattle:
If I had a billion dollars I might buy one of the properties featured by Forbes in their list of the world’s most expensive homes. At the top of the list is the $165 million Hearst mansion in Beverly Hills, followed by the Bran Castle in Romania built in 1212 which was once home to prince Vlad the Impaler AKA Count Dracula.
I’m so happy to hear a little good news in the real estate market after all the doom-and-gloom about Subprimes (yes that’s sarcasm you’re detecting). Evidently the ultra-high-end real estate market with properties from $20-200 million is doing just great:
Since the top flight market is so cost-prohibitive, factors such as mortgage, appraisal and vacancy rates, as well as moving expenses and market fluctuations, have little-to-no effect on high-end buyers or sellers…
If 2007′s listing prices are any indication, the highest-end market has room to grow.
The buyer profile for these properties is not surprising:
“The net worth of the buyers and the sellers is such that they can do whatever they want” says Joshua Saslove of Joshua & Co…
They are wealthy globetrotters looking for a second, third or fourth home, and don’t mind gassing up the jet if it means owning a beautiful property. Americans, Arabs and Europeans have long bought getaways across the globe, but increasingly the rising wealth in China, India and Russia is raising the world’s luxury watermark.
Meanwhile the rest of us seriously contemplate how much it will cost us to gas up the car for the daily commute when we consider buying a property.
