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            Zombie Investor
            30/11/2015
            Financial expert: Tougher to get housing loans as bank funds dry up
            04/12/2015
            Published by Property Empire on 02/12/2015
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            A mansion outside Paris has fetched a world record price of more than 275 million euros ($419 million), two people with knowledge of the matter said.

            Chateau Louis XIV was sold to a Middle Eastern buyer, the people said, asking not to be named because the sale is private.

            Christie’s International Real Estate was involved in brokering the deal, one of the people said.

            The villa took three years to construct. 

            Cogemad, which developed the building, and Christie’s declined to comment.

            The villa is in a 56-acre (23-hectare) park between Versailles and Marly-le-Roi and took three years to construct, according to Cogemad’s website.

            The house includes an aquarium, cinema and a wine cellar, while outside there’s a fountain covered in gold leaf.

            1450217817046

            The mansion is said to have sold for a word record price of $419 million.

            “With elegantly planted parterres, a gleaming gold-leafed fountain, an infinite array of flowers, marble statues, bridle paths and a hedged labyrinth, the property’s park and gardens evoke the genius of Le Notre, ” Cogemad said on its website, referring to the gardener of King Louis XIV of France.

            The previous confirmed record price for a home was set when a penthouse in London sold for about $221 million in 2011, Christie’s International said in September.

            Russian billionaire Mikhail Prokhorov lost a 10 per cent down payment on a 390 million-euro villa in southern France after he failed to complete the purchase, a court ruled in 2010.

            The villa has its own aquarium, cinema and a wine cellar. 

            -With assistance from Sharon Smyth, Prashant Gopal and Patrick Gower.

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