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It Wasn’t Me - Russian Magnate Denies Buying Villa Leopolda

Saturday, August 23rd, 2008    Posted by Overseas Property Mall in Billionaire Homes, French Property, Luxury Property

mikhail-prokhorov.jpg

Mikhail Prokhorov, Russia’s fifth richest man worth about $22bn has denied reports that he was the misery buyer of the €500m Villa Leopolda in Côte d’Azur, the world’s most expensive home.

With the French and Russian media insisting that Mr.Prokhorov was indeed the misery buyer of Villa Leopolda, his spokesman denied the allegations by explaining that his boss refused to do business in France until he got an apology for being held in a prostitution probe.

Roman Abramovich, another Russian magnate and Britain’s second richest resident also denies the purchase. We know for certain that the buyer was Russian.

Central London and the French Riviera are the current hotspots for Russian buyers.

Photo credits: Norilsk Nickel


Vivre La France - Or So It Seems

Thursday, May 29th, 2008    Posted by OP-Mall in French Property

France seems to power on, in the international property power struggle on who keeps their heads afloat and who doesn’t. While markets like Spain and Vietnam collapse, France is stronger than ever. The strong Euro doesn’t seem to deter Brits from investing in France’s wide range of affordable properties.

Some put this down to the obvious transparency of France as a real estate market, others reckon that living in France is just unbeatable for value. With property prices on the rise since the early new century, markets have seen a strong growth all the while.

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