Apartment

The 10 Most Expensive Houses in the World for Sale in 2024

1. The Holme, London – €293 Million

Three years have passed since the last setting of properties' taxable rates (known as objective values) and already in some districts of the capital, but also in areas popular with tourists, the difference with the commercial sales prices is chaotic.

Apartment prices increased by 10.4%, on average, in the first quarter of 2024, compared to the corresponding quarter of 2023, the central bank reported on Tuesday. In 2023, apartment prices had increased at an average annual rate of 13.8% (based on revised data), against an increase of 11.9% in 2022. 

The real estate sector in Sofia has shown resilience in the face of ongoing pandemic challenges, maintaining stability across all segments in the first quarter of the year. According to data from the consulting firm "Colliers," returns from residential properties held steady at 4%, while offices and commercial areas saw a return of 7.75%, and industrial properties yielded 7.5%.

The collapse of a building floor in Piraeus on Tuesday where work was being carried out has highlighted the plight of hundreds of thousands of aging buildings in Athens, Piraeus, Thessaloniki and other urban centers without a plan for the future. One of the main parameters of the problem is linked to public education and the legality of carrying out work, particularly in apartment blocks.

The growth in the sale and rental rates of houses and apartments in Attica continued during this year's first quarter, even though, as market executives note, a significant demand "fatigue" has begun to set in, especially with regard to buying and selling residential property.

In a unique scenario, a landlord has discovered that his apartment in Istanbul has been transformed into a 27-bed daily rental through illicit subleasing arrangements.

Rented to a foreigner with a Turkish residence permit through an allegedly unauthorized real estate agent, the three-room apartment in Avcılar district was subsequently subleased to another individual.

City history and architecture buffs are watching with mounting alarm as the last vestiges of an important piece of Athens' identity are being snuffed out with the rapid demolition of old stand-alone buildings, and especially residences from the interwar period.

The search term is "ground-floor loft." You can locate these distinctive living spaces on property websites such as Spitogatos. In the details box, you'll typically find them described as fully renovated apartments ranging in area from 30 to 40 square meters.

Nobel laureate author Orhan Pamuk has become embroiled in a legal dispute with his neighbors over the urban transformation process of their residential building in Istanbul, which was deemed as risky in terms of earthquake resistance.