Home Truths: Surge in value of world’s top-tier homes shows money still can’t buy taste

Château d’Armainvilliers, just outside Paris, is on the market for $452 (€425m)

Mark Keenan

While the cost of average city homes across the world continues to rise steadily, spurred on by shortage and big-fund investment, the very top echelon of the global real estate market has also been witnessing some huge value leaps of late.

In April, Town and Country magazine caused a stir when it reported that Château d’Armainvilliers, just outside Paris, once home of the famous Rothschild family, had been placed on the market for $452 (€425m).