280 million euros for a villa

London London is one of the most expensive real estate markets in the world. However, a price tag of the equivalent of 280 million euros for a 205-year-old 40-bedroom lakeside mansion in Regent’s Park is unusual, even by London standards. It would be the most expensive real estate deal ever made in the British metropolis.

According to research by the London Times, the owner of the luxury property is Saudi Prince Abdullah bin Khalid Al Saud. However, he is said to have used the villa as collateral for a loan to afford a private jet. This loan has now expired without the money having been repaid.

The creditors are said to have hired an insolvency administrator to collect the money by selling the almost two-hectare luxury property.

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