Douglas struggles to flog flashy mansions
PROPERTY prices are said to be falling in some parts of Britain — but I doubt any seller has been forced to make the sort of cut Hollywood star Michael Douglas has on his Spanish villa.
After struggling to find a buyer for his spectacular clifftop Majorca mansion, the Oscar-winner, who is married to actress Catherine Zeta-Jones, has had to knock £17 million off the asking price.
Douglas, 73, who bought the luxury pad in 1989 with his former wife Diandra Luker, has spent millions renovating the 11- bedroom property and calls it his ‘spiritual home’.
After their divorce, the couple co-owned the villa on a timeshare basis. But the 250-acre wine estate is now on sale for £32 million, down from £49 million when it first went on the market two years ago. To add insult to injury, Douglas and ZetaJones, 48, are also struggling to sell their home in Bermuda, which has been on the market for £8 million since last September. The couple (left) shouldn’t be too troubled, however — they are said to have a joint fortune of £ 190 million. In 2003, Swanseaborn Catherine remarked: ‘A million dollars isn’t a lot of money for people like us.’
ECCENTRIC singer Paloma Faith has a child with French artist Leyman Lahcine, but she doesn’t seem to think his largely grotesque works will bring in much dough. ‘I’m in a relationship where I’m the breadwinner,’ she tells me. ‘It puts more pressure on my new album to be a success.’ A former coach on BBC show The Voice, Paloma, 36, has never disclosed their baby’s name or sex. She adds: ‘I did The Voice because I knew I was going to have a child. I needed to get some money in the bank before I stopped working.’