Dip in Price for World’s Most Expensive Houses

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As the prices of homes continue to drop, even the ultra-rich are feeling the pinch. According to Forbes.com, the prices of some of the most expensive home properties in the world are also being reduced. For example a 22,000-square foot Connecticut home that was the second highest priced home for sale in the world last year at $125 million now has a $60 million price tag.

The current top-priced home is Candy Spelling’s mansion in Los Angeles, which is priced at $150 million. The 45,000 square foot house has 100 rooms and is modeled after the palace at Versailles. Candy Spelling, widow of famed television producer Aaron Spelling, plans to keep the house on the market at that price and has no plans to cut the price. It remains to be seen whether she’ll get the price she wants for the property.  Read complete details and see a slideshow of the world’s most expensive houses at Forbes.com.

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Date: Sunday, November 22nd, 2009
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