Musings of the London Property Buyers Agents
We’re no experts on the American property market – actually, we know nothing about the American property market but for us in London, a 36% drop sounds like very bad news – normally reserved for the repossessions market.
So has Hef been foreclosed? Apparently not, but according to the Wall Street Journal, he and Mrs Hef (they split in 1998) have apparently accepted an offer of $18 million, $10 million less than the asking price from 25 year old Daren Metropoulos, the son of C. Dean Metropoulos, a super-successful private equity investor.
The house in question is not Playboy Mansion, where Hugh Hefner still lives with the ‘playmates’ but the smaller version next door where his wife had been living.
So was it just grossly over-priced to begin with or has Hugh taken a hit where it hurts? There are a few top end drops in London at the moment, but they are almost exclusively the reserve of the handful of people like us in the know. If you need London Property Buyers Agents who might just be able to secure a similar gem, in London, you can contact us here.