Drake Faces Difficulty Selling Beverly Hills Mansion with Potential $6 Million Loss - PRESS AI WORLD
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Drake Faces Difficulty Selling Beverly Hills Mansion with Potential $6 Million Loss

share-iconPublished: Tuesday, January 07 share-iconUpdated: Tuesday, January 07 comment-icon3 months ago
News sources:
NEWSWEEK
Drake Faces Difficulty Selling Beverly Hills Mansion with Potential $6 Million Loss

Credited from: NEWSWEEK

  • Drake is struggling to sell his mansion in Beverly Hills, California, initially purchased for $75 million in March 2022.
  • The property, listed in May 2023, was taken off the market only to be re-listed in May 2024 for $88 million.
  • Current estimates suggest the mansion is valued at approximately $69 million, indicating a potential loss of $6 million.
  • Experts indicate that the home has been on the market for 248 days, significantly longer than the area's median of 64 days.
  • Market analysts project that California's housing prices will continue to rise, with future increases anticipated around 4 to 6 percent.

For more details, visit the original article here.

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Real estate Drake California Home sale Celebrity homes Los angeles Beverly hills
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Author:

Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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