Crazy rich Russians less rich

Some modest homes in Rublevka.
Some modest homes in Rublevka.

The “best house in Russia” is on sale now for 100 million euros (though you might be able to get it for 80 million euros if you catch the owner on a good day), the New York Times reports.

Located in the same hood as Putin (Rublyovka), the colossal home is 84,00 square feet and now requires 132 staff members to take care of it. Among its many features are a 16-car garage, a dining table that seats 22 people, ambient heat throughout the property to vaporize the snow on the grounds, and a private dental suite (which sounds a little too much like Marathon Man for our liking).

This is part of a larger trend toward a shrinking luxury market in Russia, where the economy has been in decline ever since the ruble crashed last year. Sellers are either trying to flee the government and leave the country, or just trying to recoup some of their investment.  The Moscow Times reported this week that prices in Rublyovka fell by 36% in the first part of 2015 compared to 2014, with the average price per square meter dropping from $3,400 to $2,200. Another neighborhood, Minskoye Shosse, has taken up the most expensive title with prices at $4,600 per square meter.

Of course, there’s no shortage of rich Russians in New York; Ekaterina Rybolovleva must be feeling pretty good right now.


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