HAVING a multi-million dollar property portfolio can be a real thorn in one’s side.
Gwyneth Paltrow is going through it, so is JLo, Celine Dion and even Julia Roberts.
Several stars, who have invested millions into their enviable sprawling mansions, are having to slash the ticket price of their listings in the hopes of offloading them.
“There is a bit of a slowdown with respect to the luxury market starting to happen nationwide, and buyers, no matter the price range, are price sensitive, whether they have millions or thousands,” explains Cara Ameer, a realtor in Ponte Vedra, Florida.
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Celine Dion’s incredible Miami mansion won’t budge even after a $38 million price drop.