The price marks a sharp fall for a house that got widespread media attention and listed last year for $125 million.» Read More
London's blue chip neighborhoods like Belgravia are increasingly owned by rich, and largely absent, foreigners.
Rising stocks, an improving economy and the 2013 tax hikes have driven prices up for mountain homes in the West after a four-year drought.
In pure dollar terms, Americans are nearly as wealthy as ever, but only if housing continues to strengthen will the so-called 'wealth effect' kick in.
Not much. In Monaco, the globe's priciest real-estate market, the average home costs more than $5,300 a square foot.
A staple during the real-estate boom, interest-only home loans are now available only to a privileged few, and even they should approach with care.
Sellers at high-end Manhattan apartment buildings have been forced to reduce their prices after buyers balked at the high monthly payments.
A new report shows that sales and listings of homes priced at $10 million or more have more than doubled in some communities in the past year.
Two brothers from Texas who own some 431 square miles of Montana ranch land don't break into the top 30 landowners in America.
From piracy to fly fishing, the activities driving new trends in property buying are as wide-ranging as the buyers themselves.
New IRS data show that those making between $1.5 million and $2 million pay the highest average tax rates in the country.
Nowhere is the impact of foreign riches more noticeable than at Lamborghini Miami, one of the nation’s largest sellers of super-cars.
Russians are spending hundreds of millions of dollars on waterfront palaces in Miami, launching the next big land grab by the world's super-rich.
In their rush to avoid the tax hikes of the "fiscal cliff," investors may end up with regrets.
If the charitable deduction is capped or cut, some say, the United States will lose billions of dollars in charitable donations. But there is little hard data to support the claim.
A dangling crane, blown by Superstorm Sandy, may even improve sales at a high-priced condo tower overlooking Central Park.
Companies have given millions to the Sandy cause. But so far, big charity checks from the rich remain scarce.
One57, a luxury apartment building in Manhattan that has grabbed headlines for its use of controversial tax breaks, is now being closely watched by emergency teams, as a crane, apparently knocked loose by Hurricane Sandy, dangled from its topmost floor.
Rumors were that plans for the former Apple CEO's boat had been shelved during Jobs's illness. But the yacht has just had its posthumous launch in the Netherlands.
A study from American Express Publishing and Harrison Group shows that holiday spending will grow 33.5 percent among the top one percent of earners this Christmas, to $3.4 billion.
The 75 percent tax on millionaires in France has caused more of the rich to put their homes up for sale. But don't expect bargains in Paris, where prices remains high.