Some house prices are ridiculously low, and you wonder what makes the price so cheap. In the same way, some residential units seem to be priced so high that you wonder what makes it so special in the first place. For most of us, it remains a mystery. For others, it makes perfect sense.
When you do a little bit of research, you’ll find that there are a lot of factors that decide the market value of a home; it’s not just about location – it’s about the quality of the home, the size, the history, the status, the number of rooms, the accessories, and so on. Ever wonder what makes a home so special? What are the most expensive properties on the globe? Here are your questions answered.
In Los Angeles – £390 Million
Due to its location on a hilltop, this Bel Air property boasts of five swimming pools, a nightclub with VIP access, a lounge with jellyfish, and a casino. Though not yet completed, it is set to house many more amenities.
Monaco – £274 Million
It’s a five-floor penthouse with a giant infinity pool and its own slide, and at the top of a 560 ft tower – the second tallest building in the area – at the Mediterranean coastline.
London – £258 Million
Just a stone’s throw from Buckingham palace stands a six-storey mansion that has no less than 50,000 square feet of living space, owned by a royal family member of the Middle East. For security reasons, no recent pictures were allowed to be taken.
New York – £195 Million
Located at Central Park South, this flat or apartment has 16 bedrooms, 17 bathrooms, a massive terrace, and five balconies. It’s located on the 50th to 53rd floor of the building and offers a stunning view of the park.
Whether these prices are inflated to the point of ridiculousness is anyone’s guess – in fact, if you ask the majority of people whether they think the property is truly worth it, you’ll receive a whole range of answers. But the fact is that demand will always meet supply in the middle, and if there’s one thing that all these properties have in common, it is this: they are unique, in every way, and there needs to be only one person or one family willing to pay that kind of amount for the price to rise the way it does. They are, after all, without a doubt, beautiful properties.
If you want property of your own, you don’t need to pay such exorbitant fees, however. That’s the good news. The even better news is that there are plenty of properties from which you can choose, in areas such as Aberdeen, Gloucester, Oxford, Chester, Newcastle, and more. The point is to know where to look – and with help from property specialists like Commercial People, you are certain to find the perfect property for your needs.
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