Tuesday, 31st August 2010
In General Japan News,
Frank Lloyd Wright house may relocate to Japan
An experimental textile block house designed by architect Frank Lloyd Wright could be moved from California to Japan.
La Miniatura in Pasadena was built in the 1920s and is one of four similar houses in South California, reports the Los Angeles Times.
However, it has remained on the market unsold for two years and its asking price has now dropped from $7.7 million to less than $5 million.
Real estate agent Crosby Doe believes that he may now have found a potential buyer via an art dealer based in Japan.
"With my position in the preservation community, I will probably be crucified for saying this," explained Mr Doe to the newspaper.
He added: "But we have to consider all options. We moved the London Bridge to the Colorado River. Why couldn't we move this house to Japan?"
The Financial Times recently reported that there has been a surge in the number of Chinese investors purchasing property in Japan as real estate prices continue to fall across the country.
Written by Graham McPherson.