World’s 10 Most Expensive Homes
World Economy

World’s 10 Most Expensive Homes

A house in London worth $1.58 billion has taken the very first place as the most expensive house in the world, beating the Buckingham Palace, the $1.55 billion royal residence of British kings and queens, according to a report.

It is owned by Elena Franchuk, an Ukranian oligarch at Kensington, TradeArabia quoted the Comparecamp.com report as saying.
In the infographic gathering the world’s 10 most expensive homes, it’s no coincidence that three are from Kensington Gardens in London, a favorite among billionaires.
The other homes are in the usual luxurious spots, such as, Beverly Hills, Monte Carlo, and Aspen. But one home on the list, owned by an Indian tycoon, caught the analysts by surprise. It’s located in the middle of an impoverished Mumbai neighborhood, yet it managed to snatch the third spot for sheer structural size and complexity.
Sometimes, a house is also valuated based on who lives in it. The Buckingham Palace, for instance, is luxurious, but it’s not the most opulent residence.
The Arab sheikhs are known to beat European royals in residential extravagance. However, the Buckingham Palace’s resident, the Queen of England, lends to the property value more than the structure itself, the study said.


Short URL : http://goo.gl/ZhIaYs

You can also read ...

Qatar Capable of Overcoming Siege Challenges
Qatar affirmed its ability to overcome the challenges of the...
Japan Inflation Inches Higher
Japan’s inflation picked up slightly in June, largely because...
Apple Inc won guarantees from the Trump administration that its lucrative iPhones would ship from China  without being subject to tariffs.
Big companies in the United States from Amazon.com Inc to...
Today, income inequality in the US is greatest among Asians. Asians displaced blacks as the most economically divided racial or ethnic group in the US.
The rich are getting richer and the poor are getting poorer in...
Growing Inflation Looms Large Over India’s Economy
From rising crude oil prices to a poor start to rice-planting...
State-Actors Likely Behind Singapore Cyberattack
State-actors were likely behind Singapore’s biggest ever...
S&P Affirms Russia’s Stable Outlook
Standard & Poor’s said in a statement on Friday that it...
Argentina Making Fiscal Progress
Argentina is “unequivocally” making progress on its goals to...