NZD$1,220,000,000 house No sale now = No fee now


The Guardian report that even the utlra rich are re-evaluating their purchase / futures in these current times, and it appears that a world record deposit, 10% is typically required by French law (reported at 39m Euros) may not be returned to the buyer too.
Sale of £440m (NZD$1.22B) house falls through from The Guardian, Thursday 19 February 2009

Russian billionaire withdraws from buying the £440m house, La Léopolda.

It was to be the most expensive home in the world - a luxurious belle époque villa on the French Riviera carrying the eyewatering price tag of €500m (£440m). But the sale of La Léopolda has fallen through after its Russian billionaire buyer saw his fortune slump in the economic crisis......MORE via LINK......

Link via The Guardian

Photo Credit - PMO - flickr


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