Despite recession having caused many setbacks and price cuts in the real estate industry, owners of eight- and nine-figure properties are still hopeful of fetching a desirable price for their luxurious homes. Thus you will see a great price cut in the homes that are listed in this year’s Forbes.com’s world’s most expensive homes list. Despite, the price cut, the most expensive home in the world is still out of bounds for many. The topper of this year’s list...

If you were a celebrity, things like relaxing inside your house without having to worry about prying eyes is a luxury. In fact, you cannot predict when someone is going to peer through your window or from which chimney a stalker might just appear. Thus, Britain's first underground mansion has been given the go-ahead to build an underground mansion, targeted at wealthy football players. The football champions and their families have long complained of lack of privacy and the...

If you were planning to take property on lease in the Caribbean, you might as well move in Eric Clapton's property. The ageing rocker has decided to lease out his 45 acre Antigua Island Estate for a sum of $50,000 a week. He had originally spent $14 million in 2000 for the "Standfast Point". The house consists of a 10,000 square-foot complex and looks out to the islands of Guadeloupe and Montserrat....

Despite the recession, the real estate market is still booming. This has just been proved by a sale in Hong Kong. Apparently, an outsize luxury apartment in one of Hong Kong's wealthiest neighborhoods (Conduit Road) has sold for almost £35.7million ($57.3million)! The lavish 6,158 sq ft home with five bedrooms was sold to an unidentified by buyer from China. The developer, Henderson Land Development describes the area the apartment is located in as 'a majestic realm for the city...

For all those who have always wished to own their very own Ranch, here is the perfect Ranch to invest in. The 7 Lakes Ranch, which is one of the last premier pristine ranches with water in all of Colorado, is up for sale. The Ranch belongs to famous golfer Greg Norman, who assembled it from multiple ranch properties. Any billionaire willing to shell out the asking price of $55,000,000 can be the proud owner of this Ranch that...

Everyone wants to get as close to President Barack Obama as possible. Well, now you have a chance to live right next to the Obama’s. How? The house right next to Obama’s Chicago residence is up for sale. Owners Bill and Jacky Grimshaw have put the beautiful home in Chicago’s Kenwood neighborhood for sale. The 557 square meters house has 17 lovely rooms. The magnificent house at 5040 South Greenwod Avenue was built in 1906 by A.R. Clark who...

Saadiyat, a small Island, 500 meters off the coast of Abu Dhabi was once home to weekend campers, boat parties and water skiers owing to its rich, clear turquoise water and fauna. The same city is now going to develop by leaps and bounds with a 27 billion makeover in a bid to turn Abu Dhabi into a cultural nucleus of sorts. Abu Dhabi will witness the sight of an offshoot of Louvre, the 450,000 sq ft. Guggenheim museum,...

The elegant crown princess, Mary of Denmark is soon to take up residence at the Frederik VIII palace in Copenhagen with her husband Frederik and her two kids. The palace had been on a five-year refurbishment project costing about $21.5million while the royal family resided at the modest Chancellery House at Fredensborg, 50km north of the Danish capital. The 17th century palace that had been vacant since the death of his grandma Ingrid in 2000, received a face-lift, with...

Intend to dwell at soaring heights in spite of the economic downfall? Then watch out for an outstanding triplex penthouse apartment in a clock tower overlooking the Brooklyn Bridge and New York Harbor. Estimated at $25 million, the highlight of this abode is that the main floor is walled by four working clocks cased in four 14-foot-high round windows. Located in one of the tallest buildings, Clock Tower Building, in Dumbo, this penthouse boasts of a roomy 3,000-square-foot main...

If you think only you are struggling to sell your property during this tough credit crunch, think again. Even the richest man of Britain has found no success in finding a buyer for his luxurious property. Steel magnate Lakshmi Mittal, is now looking to rent his property after failing to sell it. The lush property known as Summer Palace is located in Hampstead, North London and was valued at £40 million ($65.5 million) before the credit crunch hit. A...

Luxury loving dog owners seeking a new abode that offers pet friendly amenities definitely need to visit the Austonian in Austin, Tex. The Austonian is a 56-story condominium development that is being developed by Grupor Villar Mir. A completely pet friendly luxury high-rise, it offers its dog loving prospective buyers an outdoor pet park, a pet grooming area and a staff of personal assistants available around the clock. What is more, when ready in spring 2010, this high-rise will...

With the inevitable rise on the stress levels, it’s almost essential that couples take some time off from kids and go to a private island to chill for a while. It’s difficult to find one that’s dubbed ‘Private’ in the true sense. The Haggerstone Island situated off the coast of Queensland totally lives up to that word as it can accommodate only 12 people at a time. The island is situated just 600 km north of Cairns in Australia’s...

Out of the 30 unit condos that opened two years ago, there is one luxury condo that features custom sofas and original art. The condo overlooking Lake Coeur d’Alene costs nearly $6 million. Hagadone Corp, the condo developers for The Terraces, unlike other condo developers, doesn’t believe in giving in to the dim real estate whether. They’d rather wait a little longer to sell the units than to discount them. Among the 30 units, 8 condos, priced between $3.5...

Last month we reported about London being the most expensive city of Europe, courtesy a poll conducted for travelers. But let’s steer off holiday talks and move on to some serious business and take a look at the list of most expensive office location in the World. And the winner is Tokyo’s Inner Central District which leads the London’s West End to become the most expensive office location in the World. Covering 173 cities and tracking office occupancy costs,...

Ever since Vittorio Sgarbi, the Mayor of Salemi in Sicily announced plans to sell abandoned buildings in the beautiful resort island in a bid to give them a new life, a huge number of VIP’s have shown their interest in buying these properties. And the latest VIP to invest in these abandoned buildings is none other than Microsoft founder Bill Gates. He has recently purchased a house in Sicily and plans to buy several buildings in the historic center...