European Real Estate Deals Slump to Lowest Level in 13 Years
The deep freeze that’s gripped Europe’s real estate markets since borrowing costs jumped worsened at the start of the year as deals plunged to their lowest levels since 2011.
Feb 20, 2017
Live like Buffett: Legendary investor lists Laguna Beach property for US$11 million
The Oracle of Omaha is listing his Laguna Beach property for US$11 million. Warren Buffett’s six-bedroom Orange County retreat is on the market in the tony enclave, allowing prospective buyers to pick up the 3,855-square foot house built in 1936, where the average home sells for $1,832,500, according to data compiled by Zillow.
The billionaire investor bought the property in 1971 for a paltry US$150,000, reportedly because his first wife, the activist Susan Buffett, enjoyed the area. The Los Angeles Times reports Buffett poured considerable cash and resources into the property over the course of five decades in order to update the finishings and amenities. According to the listing, the home has six bedrooms, seven baths, ocean view – but no cooling system.
