The average townhouse in New York is now $5m. Example to the left.
Here is a chateau in the Loire Valley in France for $5m, sounds like a fixer upper, but maybe a good project to hide out with during the recession.
Description: built in 1897 for a French Viscount by the architect Albert Thomas
(1847-1907). Located in the most wooded part of the Loire Valley called
the Sologne, 120 miles from Paris by motorway A10/A71.
Directly inspired by the grandeur of Versailles , the chateau overlooks the Sologne forests and its private park of 41 hectares (103 acres) in the French style. There is a 1 mile driveway, courtyard, terraced parterres and a formal basin with monumental statues. Excellent privacy and structural condition.
There is about 36,000 square feet of living space, partially renovated, habitable and decorated. Very high ceilings and huge spaces: hall of 1,700 square feet with monumental staircase, great drawing room of 1,800 square feet…etc
Symmetrical outbuildings with stables, orangery, chapel, gate house and further potential. Incredibly prestigious palace, now listed as Historic Monument (Grade 2). more pictures here
Here is a guidebook on the chateaux lifestyle.
Buy now before those pesky euro's and dollars get deflated away.