apartment

In Madrid they sell an apartment for 20.9 million euros. The question is not whether it is the most expensive in history, but what that means

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He has earned the unofficial title “most expensive apartment in Madrid” and, although it is difficult to confirm it because in the luxury sector there are operations that never reach transcendence, it certainly has the potential to be so. To start with its price. The apartment that Property Partners announces in Jerónimos, in the heart of the capital, it costs a whopping 20.9 million euros. Beyond that figure, the home’s size (1,008 m2), display of luxuries and extras is striking. For example, it has no decoration. It has “works of art.” Not a typical main room, but a “social area” that covers about 200 m2. In any other advertisement that vocabulary might sound like an exaggeration. Not here. The most expensive apartment in all of Madrid? So suggests it Property Partners, which claims to have in its portfolio what is “considered” the “most expensive property in Madrid.” The same unofficial title has been recognized in recent days several economic means, premises and generalistsincluding Tele Madrid that refers to the luxurious apartment as “the most expensive in the history” of the city. In reality, it is very difficult to confirm whether this is the case or not because discretion prevails in the luxury market. Many operations are closed with hardly any publicity, almost with their backs to the market. Others don’t. Last year, without going any further, John Taylor, a French real estate company specializing in luxury, brokered the sale of a home that was valued at 20 million. The property in question was located near Retiro Park and measured about 1,100 m2. The 20.9 million flat announced by Property has been announced for several months, although the agency assures that “there are offer processes” underway and interested people who have already made several visits. Click on the image to go to the tweet. What is the housing like? Enormous. And that’s an understatement. According to the token Published by the real estate agency itself, the apartment has a constructed area of ​​1,008 m2, although it identifies 812 m2 as “housing area”. Seven bedrooms (five en suite), six bathrooms and three toilets are distributed throughout this vast space, as well as amenities such as a gym, wine cellar and large living rooms. A reporter from EPE was able to visit the apartment and says that one of the first things that catches your attention is a 200 m2 room named “social area”. Do we know more? Yes. And it points in the same direction: that of exclusive luxury. The house, located in Los Jerónimos, has five parking spaces and two storage rooms, terraces with views of the Botanical Garden and furniture in line with the profile of its market. Tele Madrid assures Its renovation alone cost two million, to which is added another for the furniture. As a finishing touch, it incorporates works of art. That the apartment (the agency dates it back to the 70s) is so spacious in the heart of the center is explained by its past: in reality it is made up of three independent homes that a former owner bought and mergedoccupying an entire floor. Why is it interesting? Because beyond how striking the price or the characteristics of the apartment are, the advertisement connects with a larger trend: the increase in price of the home. That the price per square meter has been rising for years (in Madrid and the rest of Spain) is nothing new. Idealistic sample that in the last year the m2 has skyrocketed by 14.8% in the capital, reaching a maximum of almost €5,900/m2, although there are certain areas where this value is much higher. In Retiro there are more than 7,800 and in Salamanca they are close to 10,000. The announcement of the Los Jerónimos apartment reminds us, however, that the price increase is not exclusive to the conventional residential market. It also affects luxury. At the end of 2025 Diza Market published a report which shows that the cost of prime housing in the region rose by 95% in a matter of a decade, between 2014 and 2025. The analysis focused, however, on the luxury sector in which houses worth several million are moved, without reaching stratospheric figures. Are there more indicators? Yes. Savills has published another report in which it points out that the price of prime housing in the capital “triples the rate of global growth expected for 2026.” “If we focus the analysis on the first consolidated, the average prices in Madrid are around €16,000-17,000/m2, reaching peaks of between €25,000 and €30,000/m2”, details Santiago de Miguel, director. “The forecast is that the market will continue slightly bullish, but with sustained demand. The international buyer continues to have his sights set on Madrid.” “The Madrid market super luxury has reached a degree of maturity that allows operations of this caliber,” agrees an interview with Five Days Felipe Reuse, from Property Partner. Data from the Notarial Statistical Portal show In fact, the dynamism of the market in the heart of Madrid, with the m2 above 11,000 m2, and where foreign buyers have a relevant weight, representing a third of the total. There are those who already points out that the demand is going outside the city, towards La Moraleja or La Finca. Image | Chris Curry (Unsplash) In Xataka | There is a Europe that is suffocating to pay for housing and another that lives in peace. And this map shows the differences

A Moroccan sued a real estate agency for not showing him an apartment just because of his origin. Now they will have to pay 10,000 euros

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The story sounded so strange, so much like an ‘improvised excuse’, that Hamid Hmata decided to do an experiment. In January 2024after seeing how the umpteenth real estate company closed the door on him after finding out about his Moroccan origin, Hamid asked a co-worker to help him out. His friend (with a Spanish name) called the same agency asking about an apartment in Mataró that Hamid had been interested in shortly before. He had no problem. They confirmed that the home was available, gave him information and scheduled an appointment. Shortly before, Hamid had been told the opposite, that it was already rented. The story could have stopped there, but what the agency probably did not take into account is that Hamid has been battling discrimination in access to housing for some time. Now that episode of 2024 has led to a pioneering sentence by “real estate racism”. a dozen complaints. The statistics They suggest that Hamid is not (far from it) the only immigrant who encounters obstacles or outright racism when looking for housing. His case is different in something: this man of Moroccan origin, father of two minor children and with the necessary income to pay for a rental house, has been denouncing real estate racism for some time. And he has also done so in an active way, calling out against various agencies and presenting a dozen complaints before the Mataró City Council. “For being a migrant”. His case was revealed ago just a month and a half the DESCA Observatory, one of the entities that has accompanied Hamid in his peculiar real estate crusade. At that time, the platform explained that the man had been looking for an apartment for four years, a long period during which he had dealt with “great difficulties.” The reason? Everything indicates that its origin. “Different real estate agencies, allegedly, would have covertly avoided providing him with their services (showing him the apartment, evaluating his candidacy, managing a contract, etc.) due to the fact that he was a migrant,” details DOWNLOAD From office to office. Despite his efforts, most of Hamid’s claims were unsuccessful. Their complaints to the City Council ended up being filed and they undertook a “bureaucratic journey” by different organizations, such as the Housing Agency of Catalonia, the Consumer Agency and finally the Office of Equal Treatment and Non-Discrimination. Almost all of Hamid’s complaints ended up being dismissed, but last month DESCA recalled that there were still three live files: two “in the administrative procedure phase” and another “in the preliminary proceedings phase.” And the big surprise came. We have now known the next chapter in Hamid’s real estate odyssey. a few days ago DESCA revealed that the Office of Equal Treatment and Non-Discrimination (OITND) of the Generalitat of Catalonia has imposed a fine of 10,001 euros on a real estate agency in Mataró for, the association claims, “a case of real estate racism in access to rentals.” The reason would have been the episode with which we started this article. Same floor, different answers. In 2024 Hamid was interested in an apartment for rent, so he contacted the real estate agency that owned it to visit it in person. He couldn’t. A day and a half after requesting the interview they told him that it was already leased. The explanation did not convince Hamid, who asked a colleague (in this case with a Spanish name) to call the agency to inquire about the home in question. Same agency, same apartment… different answer. Him, ensures DESCAYes, they made an appointment for him. Click on the image to go to the tweet. “True, but it has nothing to do with it.” Determined not to let the matter go, Hamid attended the visit scheduled by his friend to ask the head of the agency for explanations. Specifically, I wanted to know if the problem was that the owners of the apartment did not want to rent it to a person of Moroccan origin. “The administration admitted it: ‘That, that’s also true, but it has nothing to do with that. It’s reserved,’” reveals DESCA. The phrase is reminiscent of the one he received recently as well. another moroccanin this case from Irún, who was looking for a home. Mosqueado recorded the explanations of the head of an agency that had slammed the door: “The owner doesn’t want anyone from outside.” A figure: 10,001 euros. Hamid’s experience demonstrates several things. To begin with, proving an episode of “real estate racism” is not easy (he has denounced a dozen agencies). The second is that when it is detected it is expensive. DESCA explains that, in this case, the OITND has fined the agency a fine of 10,001 euros, although that is only part of the punishment. For one year you will not be able to receive any public aid or subsidies, nor establish contracts with the Generalitat Administration. “The OITND resolution recognizes that the reported facts consist of a case of discrimination in access to housing for ethnic-racial reasons and/or origin, which according to Law 19/200 on equality and non-discriminatory treatment is a serious infraction,” argues the observatory. The standard to which the platform refers clearly states in its section 14.3 that real estate agencies and their clients “must respect” equality and not discriminate. Why is it important? For several reasons. The first, the pioneering nature of the sanction. At least in Catalonia, where according to the RAC1 chain There is only one similar precedent. In 2022, Barcelona City Council revealed that the court had ratified a fine of 90,001 euros which he had recently imposed on “a real estate agent” for “excluding a group of people from access to housing due to their origin.” On that occasion the trigger was an advertisement for an apartment that only accepted Spanish tenants. The fine that the OITND has just imposed is interesting for another reason. There are studies that suggest that real estate racism is far from being a one-time phenomenon. In … Read more

Helping children with up to 200,000 euros to buy an apartment does not count as a donation

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The housing crisis is one of the main problems for young people (and not so young) in Spain. In this context, family support in the purchase of a home is a key element: many young people need the help of their parents or relatives to be able to assume the entrance of a house. The main obstacle to this family aid is that the Treasury consider it as a donation and, therefore, is subject to tax obligations. A measure of the Government of Extremadura that has entered into force in 2026 seeks to eliminate this obstacle and allows parents or direct relatives of young people can donate to them up to a maximum of 200,000 euros without having to pay the Inheritance and Donation Tax. However, this exemption is not a blank check. There are strict rules that must be followed to avoid a tax scare. Donation for first home. The Government of Extremadura has updated its regulations on the Inheritance and Donation Tax (ISD) to allow a 100% reduction in this tax for the first 200,000 euros donated to descendants, provided that this donation is intended for the purchase of your first habitual residence in Extremadura. He article 21 of the new tax regulations establishes an exempt limit of 200,000 euros that covers cash donations as help for the purchase of housing, but also extends to direct transmission of homes or plots of land to build it (in this case it is limited to 120,000 euros). In this way, the exempt amount of 180,000 euros that was already contemplated by the previous regulations is increased and new requirements are added. It is not a blank check. To benefit from this exemption, the recipient must be under 36 years of age when the donation is formalized and tax base in personal income tax It cannot exceed 28,000 euros individually or 45,000 euros jointly. This focuses help on young people with medium or low incomes who do not have the necessary capital to make a down payment or build their own home. This exemption does not apply if the recipient already has assets greater than the first tranche of the state ISD scale, set at more than 402,678.11 euros. Furthermore, the donation must be registered in a public deed before a notary, specifying that it is intended for the first home and habitual residence, the purchase of which must occur within a maximum period of six months. On the other hand, the beneficiary must be listed as the owner of the home for a minimum of five subsequent years, except for death or justified causes such as job transfer. Other conditions to take into account are that that first home and habitual residence must be in Extremadura, which has a double usefulness since it not only contributes to eliminating fiscal barriers to facilitate this donation, but also seeks the reduce depopulation of the territory. Practical cases. Suppose that parents donate 190,000 euros to their 32-year-old daughter in Cáceres to buy her first apartment in February 2026. The beneficiary meets the age, income and personal income tax requirements, formalizes the donation before a notary and signs the purchase of her home on time. This family must complete the Inheritance and Donation Tax settlement process, but the payment will be zero euros as it is 100% subsidized. However, the daughter must live in and be the owner (even if it is shared ownership) of the apartment she has purchased for at least five years. If you sell it after a year due to an unjustified move, you will lose the tax credit and must regularize the donation with a surcharge. In Xataka | The Great Wealth Transfer: the movement from boomers to millennials that will transfer millions between generations Image | Unsplash (Christian Dubovan)

In 1965, a notary bought an apartment of bare ownership from a 90-year-old owner. The old woman was already living her second life

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In 1965, in the picturesque city of Arles, in the south of France, the notary André-François Raffray believed he had found a bargain to invest. Jeanne Calment, a 90-year-old widow and no heirs owner of a large apartment in the historic center of the town, was willing to reach an agreement to sell her housing in exchange for a life annuity and to be able to live in it until his death. With the statistical data in hand, the purchase of the apartment was going to be a bargain for the notary, so he did not hesitate to reach an agreement with the elderly owner. What the young notary did not expect is that it was going to be the worst deal of his life: the old woman had a bombproof geneticsor at least that’s what everyone thought. The deal was a bargain, but not for who it seemed The purchase agreement was simple in its approach: Raffray would pay 2,500 francs per month to Calment (an amount equivalent to about 380 euros per month). until the death of the old woman (who we remember was already 90 years old), after which the property would be fully his. This type of contract (known in France as traveler) is based on the bare property. This legal concept establishes that the buyer acquires the right to property without enjoy the usufruct until an uncertain event occurs, in this case the death of the saleswoman. That is, it is like a deferred purchase in which a certain immediate payment is established and the seller can use the property until his death. The buyer then takes possession of the property. Given this condition, the price of the investment is considerably lower than the market value, since it is not available immediately. That reduction in the initial price has shot the number of operations that have been growing at a double-digit rate since the pandemic. According to published data by Expansionin 2021, this type of operations grew by 22.6%, 23.7% in 2022 and 11.3% in 2023. For a 47-year-old buyer like Raffray, that seemed like a smart move and a very low-risk investment. In 1965 and with the life expectancy statistics much smaller than the current ones, Raffray assumed that Calment would live perhaps a few more years and that the total amount he would pay would be less than the market price of the apartment. A saleswoman with a lot of attachment to life However, what seemed like an operation with few unknowns turned into a financial nightmare for Raffray. Jeanne Calment, the elderly nonagenarian, not only lived beyond any reasonable expectation at that time, but his longevity surpassed all calculations. Officially, Calment died in 1997 at the age of 122 years and 164 days. as he collected The New York Times. That is why he entered the Guinness Book of Records as the oldest person recorded to date, It’s also bad luck for Raffay. Raffray, in turn, died in 1995 at the age of 77, 30 years after signing the contract with Calment. Until that moment, the notary had paid fees that, together, They far exceeded the value of the property. However, after his death, his widow was forced to continue with payments to Calment, because the obligation agreed in the annuity contract only disappeared with the death of Calment, not Raffray. There was no escape. The result was that Raffray’s family ended up spending much more money than it would have cost to buy the apartment through conventional methods, without ever moving in. Calment herself, with irony, even commented in an article for The New York Times that “in life, sometimes bad deals are made.” A life worth two As expected, such remarkable longevity did not go unnoticed by science and medicine, with much interest being shown in investigating the details about the life and habits de Calment to try to reveal their secret…and boy did they do it. In 2018, a research team formed by the Russian mathematician Nikolay Zak and the gerontologist Valery Novoselov proposed a radical hypothesis: Jeanne Calment could have died in 1934. The Calment who had signed the bare ownership contract with André-François Raffray could be Yvonne Marie Nicolle Calment, daughter of Jeanne Calment who, supposedly, had died of pleurisy on January 19, 1934. The hypothesis was that Yvonne would have impersonated his mother’s identity to avoid paying inheritance taxes. That artificially “extended” the longevity of his mother, who was actually living two lives under the same name. This theory was supported by discrepancies in ancient documents, such as differences in physical characteristics between historical records and by comparing photographs of Yvonne and the supposed elderly Calment. So it was not only a fraud to avoid paying taxes, Raffay was also victim of deception. However, there is no scientific consensus on this version. Subsequent research by a team of Swiss and French demographers and historians, published in it Journal of Gerontologythey discard the hypothesis of fraud and maintain that, statistically, Calment could live to be 122 years old. In Xataka | There is a ‘good’ fat that hides a secret to aging better and being in shape. All that remains is to get the pill Image | Wikimedia Commons (Emilien Barral), grg.orgUnsplash (Jakub Zerdzicki)

Joe Jonas’ old apartment sold for $6 million

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The singer Joe Jonas35, lived from 2018 to 2024 in a luxurious Manhattan apartment, which has just been put up for sale for almost $6 million dollars. “It’s been barely a year since Joe Jonas sold his old apartment in the Nolita neighborhood of Manhattan and moved to the Dumbo area of ​​Brooklyn. Now the pop star’s former accommodations have resurfaced on the market, asking for just under $6 million,” reads the Robb Report portal about the property. The property was acquired by the artist for $5.6 million dollarsannounced it in $6 million dollars and ended up selling it for $5.4 million dollarsso we will have to see that the current owners do receive the figure they expect and not a lower offer. It turned out, according to information from various media, that the apartment looks somewhat different than when Joe Jonas sold it, since the current owners hired interior designer Sarah Ivory to inject her own style and leave it as they dreamed of it. . The apartment is located inside a building built in 2015 and has only 11 apartments distributed over 8 floors. According to the technical sheet, released by various media specialized in the sale of real estate, the apartment has an area of 2,907 square feetthree bedrooms and three bathrooms. It also has a lobby, kitchen, dining room, living room, main room, laundry room, garage, elevator, terrace, among other rooms. Keep reading:

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