The Most Expensive Apartment

The Most Expensive Apartment

#labelleepoque #apartment #luxury #monaco #realestate #record

A new world record was set for the price of purchased apartments. Two-story, 1600 square meter penthouse in La Belle Epoque mansion( Monaco) was sold by $ 306.5 million. Buyer's name was not disclosed. The previous record belonged to the London penthouse in Hyde Park that was purchased for $ 202 million. The last owners of both apartments were Candy brother-developers from Britain. Brothers Nick and Christian Candy began their property business in 1995, when they were 23 and 21 years old respectively. All had happened by chance when using £6,000 loan from their Grandma, the brothers renovated £122,000 one-bedroom apartment in London while living in it. Later they sold it for £172,000 and gained profit £44.000.

Today, Candy&Candy successful luxury housing specializing company. But, if brothers would like to launch their business today, they hardly will think about. The property prices in London dropped down by 3.6% in September this year- the worst record for the last three decades!