house

In London someone has paid 310 million for the most expensive house in history. It is proof that the luxury market has no ceiling

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In the world there are expensive houses (increasingly), very expensive houses and then houses within reach only of the greatest fortunes on the planet, like the one that has just been sold in London for a whopping 270 million poundsabout 310 million euros at the exchange rate. The figure is shocking in itself (it is the same that has been paid in other parts of Europe to build a stadium), but it becomes even more interesting when another detail is known: everything indicates that it is the most expensive home sold to date in an operation of that type, focused on a single residence. To get the keys, its new owner, an influential British businessman, had to beat three royal families from the Middle East. What has happened? that the real estate market premium has just reached one of those milestones that sound almost like science fiction, at least among ordinary mortals. The British press has revealed that a wealthy businessman in the country has closed the purchase of the most expensive home sold to date. And “more expensive” can be understood in a literal sense. Although it is not easy to talk about world records in a sector in which properties do not always go on the market nor are operations advertised, the Bloomberg agency slide which is probably the largest sale in history centered on a property of its type: a single single-family home. It is not crazy if you take into account that the transaction was signed for 270 million pounds, about 310 million euros. Some sources raise the figure to more than 315 million. What is the housing like? The property is called Providence House (formerly Gordon House) and is a huge 19th century mansion located in the Chelsea neighborhood of west London. The plot once housed the residence of the British Prime Minister Robert Walpolebut for years it has belonged to Nick Candya London businessman linked to the brick sector and the Reform UK party. Beyond its privileged location, in the heart of one of the most expensive cities on the planet, the house surprises with its figures: the house stands on a plot of two acres (just over 8,000 m2) with a lake and swimming pool and Georgian style decoration. Media like Financial Times they need which has a private cinema with IMAX screen, greenhouse and the second largest garden from the center of London. It is only surpassed by the one surrounding Buckingham Palace. Who bought it? The buyer is Sunel Setiya, co-founder of Quadrature Capitala trading firm that according to Bloomberg data obtained a profit of 411 million pounds in the financial year ending January 2025. Although with Providence House he has broken all the molds, this is not the first time that Setiya has made headlines for his taste for luxury homes… and his enormous generosity in paying for them. In his day he already paid 110 million pounds for a penthouse in One Hyde Park. And that the property, of around 1,300 m2lacked interior divisions and required works. The Times details which on this occasion has had to pay more than 31 million pounds for property tax alone. The operation certainly marks a before and after in the British real estate market. The most expensive house sold in the United Kingdom before Setiya took out his checkbook was the mansion known as 2-8A Rutland Gate, awarded in 2020 for £210 million to Hui Kan Yan, founder of the Chinese developer Evergrande Group. Click on the image to go to the tweet. And who sold it? Nick Candy, another British tycoon who shares Setiya’s taste for exclusive homes. In fact, he has a penthouse in the same complex that is also for sale for around £175 million. Nick and his brother Christian are known in the sector for the development of the complex One Hyde Parkmade up of 86 apartments and duplexes in the heart of Knightsbridge. Beyond their taste for luxury homes, Setiya and Candy are at opposite poles on an ideological level. The first (Setiya) is a important donor of the Labor Party and dedicates large sums of money through his company to fighting climate change. Nick Candy however is a prominent figure of Reform UK, Nigel Farage’s far-right party. Have there been more interested parties? Ideological differences do not seem to have been an obstacle to closing the operation. In fact, to become the new owner of Providence House Setiya had to prevail over three Middle Eastern royal families also interested in the luxurious London mansion. Given its characteristics (and amounts), the operation was carried out outside the market. The operation represents a lifeline for the luxury residential market in London, which, as remember Five Daysis not going through its best moment. According to LonRes, 2025 was the second time since 2011 that no sales of more than £50 million were closed and in February transactions worth five million (or more) suffered a year-on-year drop of 55%. The puncture coincides with a tax change that directly affects properties. Image | Jaanus Jagomagi (Unsplash) In Xataka | If the question is whether house prices will rise forever, London has the answer. And it is a warning for Madrid

This engineer found 1,351 loose photos in his grandmother’s house. He ended up building a personal Wikipedia of his entire life

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It all started with a closet full of old loose photos. Last year an engineer named Jeremy visited his grandmother’s house for the first time since the pandemic and unknowingly came across a treasure. 1,351 on paper, without order, without dates and without context. Some were in black and white, from when his grandparents were 20 years old. Others were from his mother as a baby. The last ones were from him in high school, just before smartphones arrived and everything moved to the cloud. What began as a family organization exercise became a fascinating project over the weeks: a personal encyclopedia. A Wikipedia of his own life. First, the physical photos and the grandmother. The first problem he encountered when starting his project is that physical photos do not have EXIF metadata. There is almost never a capture date (although some cameras superimposed it), there are no GPS coordinates and there is no information that allows them to be easily sorted. What Jeremy did was resort to a much more direct solution: sit down with his grandmother and ask her about the photos. Remembering that it is a gerund. In that conversation she rearranged the photos of their wedding and narrated the details while he took notes. Names, places, who was sitting where, what each ritual meant. With those notes, he set up a local instance of MediaWiki, the same software that Wikipedia uses, and wrote a page about the wedding following the same format that was used on Wikipedia to royal wedding between Prince William and Kate Middleton in 2011. Within two afternoons I had a complete article with scanned photos, captions, links to empty pages about each person mentioned, and links to the real Wikipedia to give historical context to the events. Digital photos and Claude Code to get the job done. Jeremy realized that things could get worse and took the opportunity to do tests with digital photos, which do have EXIF data with date and time and even GPS coordinates. With that information he wanted to see how far he could go without interviews, so he took 625 photos from a family trip to Coorg (India) in 2012, put them in a folder and opened Claude Code in that directory with a simple instruction: compose a Wikipedia page by browsing the images. The model used ImageMagick to create contact sheets that allowed him to process multiple photos at once, and the magic of AI did the rest. The result was a detailed draft chronicling the trip organized by time of day. Without location data, just with timestamps and visual content, the AI ​​model was able to identify the places that appeared in the photos, including some that Jeremy himself had forgotten. It even detected the means of transportation used between destinations just with what it saw in the images. When AI starts remembering for you. Then came the most ambitious experiment, when he wanted to go further with a trip he took to Mexico City in 2022. He had 291 photos and 343 videos taken with an iPhone 12 Pro with GPS coordinates in the metadata, but he also exported his Google Maps location history, his Uber trips, his banking transactions and his Shazam history. By including all that data and sources, the model was able to cross-reference banking transactions with location data to identify the restaurants where he had eaten. For example, he found images of a soccer match in the photos but did not remember which teams were playing, but he found out that information by crossing those photos with bank transactions in which he found a Ticketmaster invoice with the name of the tournament and the teams, and incorporated them into the page. He also used Shazam’s history to describe the music playing in each location. From photos and memories to a personal encyclopedia. A wonderful project that now anyone can replicate thanks to the whoami.wiki website. First the trips, then the friendships. What started as a travel documentation project evolved into something more personal. The Facebook, Instagram and WhatsApp archives contained some 100,000 messages and several thousand voice notes exchanged with close friends over a decade. The AI ​​model managed to convert all this information into a unique biography, identifying vital episodes of the protagonists, then converted into pages that, according to Jeremy, “read as if they were written by someone who knew us both.” When he shared the pages with those friends, they couldn’t stop reading those stories and wanted more. MediaWiki as a master ingredient. One of the most interesting decisions of the project is the choice of software. MediaWiki, Wikipedia’s engine, turned out to be an extraordinarily suitable tool for that use case. AI models understand this perfectly because they have been trained with millions of Wikipedia pages and know their structure and functioning. Discussion pages serve to control the development of those pages, categories group pages by topic, and revision history monitors the evolution of each page. All of this infrastructure already existed, and it was not necessary to create a new platform to organize the information that Jeremy was providing. Surpriseyes. At the end of his story, Jeremy explains that after the process: “I realized that I was no longer alone working on a family history project. What I had been creating, page by page, was a personal encyclopedia. A structured, navigable, interconnected record of my life compiled thanks to the data I already had around me.” Documenting her grandmother’s life revealed things she didn’t know: her years as a single mother or the decisions she had to make, for example. Going through the history of his friendships allowed him to recover moments that he had almost forgotten and made him call some of them to remember them together. “The encyclopedia not only organized the data, it made me pay more attention to the people in my life,” he explained. you can do it too. The project has been so rewarding for him that he … Read more

For 15 years a couple lived in a house inside Disneyland. None of the visitors noticed

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When we talk about amusement parks, Disney is king. Although in recent years we have seen amazing ideas (such as the spectacular Japan’s Super Nintendo World), the Disneylands continue to have a lot of pull. In fact, some parks continue to be updated with corners like the Star Wars: Galaxy’s Edge that, after five years of constructionopened as the largest expansion in the park’s history. There are also additions such as Avengers Campus or Tomorrowland. Being so huge, it is normal that stories of all kinds are found in its magical corners (sometimes they don’t turn out well if you do not pay the corresponding extra), and one of those stories It is that of the couple who lived for more than 15 years in their own house within the park. It is about the marriage between Owen and Dolly Pope and his house was on the park land even before the park itself was built. Disneyland began construction in 1954 and opened in 1955, but the story begins long before that. Owen and Dolly were married in 1935 and worked performing horse shows throughout California. In 1950, Harper Goff, one of Disney’s leading artists at the time, saw the couple in one of these shows and recommended Walt – Disney – go see them. At that time, Disney was passing a bad time. They were in the middle of a financial crisis and the company saw that it had to diversify. For this reason, they began to consider entering other businesses, amusement parks being one of them. Therefore, the idea of ​​creating Disneyland was already on Disney’s mind and, after seeing the show, he arranged to have lunch with the Popes. At first, they thought that what he wanted was to hire them for a movie, but what arose were plans to build a park and Disney wanted the Popes to perform their shows there, also managing the activities with the horses. In 1951, the couple moved to Disney’s studios in Burbank, being the only ones who, along with the military who occupied the studios during World War II, lived inside them. This is what the house would look like inside when the Popes lived there. They lived in a caravan inside the studios while Owen built stables, but one day they were given the choice of a house inside the park. It was located where the Big Thunder Ranch area was later built, one of the wings of the park focused on the ‘Wild West’ theme, and they began living there three days before the park opened. Making room for a galaxy far, far away Evidently, they did not live because of the good will of Disney, but because they were in charge of maintaining everything related to the horse shows and activities with both horses and ponies. Apart from this, Disney staff visited regularly to ask how they could improve the shows and what people wanted to see, so it was a very important part of park management. With brutal financial results, Disney began to explore the idea of ​​opening theme parks in other parts of the world, Florida being one of them. So, while Walt Disney World was being built on the other side of the United States, Owen built harnesses or tackle for the horses in the new park, but from his home in the Californian park. In 1971, Dolly and Owen moved to Florida to oversee construction of the Fort Wilderness Resort area of ​​the new park, and with everything in place, in 1975 they both retired. They were the first cast members to retire. What happened to the house? Well, the story has a crumb because. It is not a decorated house, since the Pope They lived there like anyone does in our homes, but their work was much closer and they could walk. The funny thing is that thousands of visitors passed by his house every day without knowing that… well, that it was a normal, ordinary house. However, it was abandoned after the move to Florida and was not used again except for some staff meetings. There came a time when a set showing how the Popes lived was put up and could be visited at certain times, but it was time to build the Star Wars megapark. The Pope house and stables. Image of Dadlogic The area today, with the Star Wars expansion and the approximate location of the Pope house Disney has the ability to make everything a commercial product or have appeal and did not demolish the Pope housebut the transfer to an area near the park that is publicly accessible, but on Disneyland property. On its façade you can see an identifying plaque that tells its history and where the Pope’s house and stables used to be, we now have the parking lot of the Millennium Falcon. Images | Disney and Google Maps In Xataka | Drugs, betrayals and trusts: the bizarre story behind Walt Disney’s billionaire inheritance

If you think that renovating your house is urgent, think about this building in Ukraine. Its hole is so big that it is a danger for Europe

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He Chernobyl accident released so much radiation that some areas they remain uninhabitable almost four decades later. In fact, the plant continues to house materials capable of remaining dangerous for thousands of years. Therefore, keeping them under control is one of the greatest engineering challenges ever faced in Europe. A challenge that a drone has put to the test. It was to last a century. The story we tell it a few months ago. The gigantic steel arch built over Chernobyl reactor 4 was conceived as a definitive solution to contain the worst nuclear accident in history for at least a hundred years, a colossal structure designed to isolate the ancient “sarcophagus” and buy humanity time. More than 100 meters high and capable of housing entire monuments inside, this system had to resist extreme conditions and allow the safe decommissioning of the reactor, encapsulating hundreds of tons of radioactive material that remain active decades after the disaster. The impact that changed everything. But everything changed in February 2025when a drone attack in the middle of the night pierced that shell seemingly invulnerable, opening a breach in the structure and exposing a system that was never designed to operate in a war environment. Although there were no immediate leaks or casualties, the damage compromised critical functionsespecially ventilation that controls humidity and prevents corrosion, introducing a silent but growing risk that could degrade the structure in a few years. What is still hidden under the steel. Under the damaged arch remains an environment extremely unstable: remains of the reactor, tons of nuclear fuel and melts of highly radioactive materials that continue to react slowly. The old “sarcophagus,” hastily built in 1986, was never structurally reliableand is actually completely dependent on the new cover to maintain the insulation. In other words, if that balance fails, the risk is not immediate, but potentially devastating, with the possibility of release radioactive dust that the wind could disperse throughout Europe. A “reform” as expensive as it is complex. System restore will not be neither quick nor easysince it involves working in conditions of high radiation, with strict limitations on time and exposure for operators. Temporary solutions barely contain the most urgent damage, while full restoration will require rebuilding highly specialized internal layers within a structure designed as a technical “sandwich”. We are talking about an estimated cost that exceeds 500 million of euros, a figure that reflects both the technical complexity and the hostile environment in which repairs must be carried out. The war enters Europe’s greatest nuclear risk. If you like, the incident it is not isolatedbut part of a context in which nuclear infrastructure have become exposed elements within an active conflict. Paradoxically, the Chernobyl exclusion zone that we had to protect from any danger has been the scene of military operationstroop movements and constant overflights of missiles and drones, which multiplies the risk of new impacts, whether accidental or intentional. In that scenario, even a technical failure or trajectory error could trigger consequences continental in scope. A reminder of what never ended. They remembered in a special from the Financial Times this week that, decades after the accident, Chernobyl remains the same latent threat, one that requires constant vigilance and international cooperation, and the drone impact has revealed the fragility of the systems designed to contain it. The infrastructure that was to definitively close the disastrous episode of 1986 now faces a new type of risk, thus demonstrating that nuclear safety depends not only on engineering, but also of geopolitical stabilitya (and common sense). In that delicate balance, each crack is not just a structural failure, but a warning about the limits of our ability to control the consequences of our own creations. Image | EBRD In Xataka | Drones in Ukraine have mutated into a system reminiscent of the Alien universe: an exoskeleton turns troops into super soldiers In Xataka | Iran is exploiting the US’s weak point: it is not its F-35s or its Patriot missiles, it is the bill every time they take off

A user has been powering his house with 1,000 laptop batteries and solar panels for 10 years. Others are already trying to copy the idea

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Second Life Storage is one of those places that seems to belong to another era. In the era of Reddit and Discord, this is a forum, one dedicated to a single topic: batteries. One of its users is Glubux, and it has been sharing progress on a most curious DIY project for years: a house powered by more than 1,000 batteries. The key is that they are recycled laptop batteries. And he has created a school. Glubux Powerwall. On November 9, 2019, Glubux opened a forum entry in which he shared some photos and detailed his project: he had started collecting laptop batteries years ago, he had collected about 650 and was doing tests to check stability, performance and possibilities. Little by little he was sharing news such as the packs – cells – that he was creating with dozens of interconnected batteries with a great objective: to power the house with standard lithium batteries. These cells are not created by chance: after dissecting each laptop battery, it classifies the units by capacity and rebuilds them into stable modules. This is how it started in 2017 | Photo: Glubux The idea was to create a large system that would work together like a conventional battery, but using those recycled ‘batteries’. He tried it and ended up connecting several packs to the home power. Less than a month later, Glubux commented that it had even successfully connected a vacuum cleaner for a total of 1,200 W of power and that there were no symptoms of heating. It was time to move on. This is how it was in 2024 | Photo: Glubux The shed. But of course, if batteries have taught us anything, it is that handling them is complicated and dangerous if something goes wrong. No matter how much care we take, something so homemade is likely to fail at some point, which could start a major fire. Having something like this inside the house is crazy, so Glubux created a very small shed on his plot, but enough to house the growing collection of more than 1,000 batteries. Last year we already commented that the latest of their reports was that none had shown signs of deterioration (such as swelling) and, after eight years, they had not had to change any cells. Now, his house was running on solar panels that sent power to homemade recycled battery cells. Photo: Glubux Feeding… everything. After expanding the solar installation (24 panels with 440 W), the storage capacity increased to 56 kWh and the system, which operates at 24 volts to feed A 3 kVA converter can power the house with its lights and appliances without problem. But it is not the only thing, since it also charges both a Tesla and an electric Nissan. Creating school. Glubux hasn’t participated in his thread for a while, but that doesn’t mean he’s dead. Other users have been sharing their adventures when creating similar systems. Some were even more veteran and had more batteries, and the most interesting thing is that they have created a space in which advice is given about the cells, the capacity of each of the cells or how to join batteries so that the systems are stable. Other similar projects | Photo: Daniel88 Not so homemade. These projects are almost as exciting as finding yourself in 2026 a furo so rudimentary that it still has an active community, but it must be said that powering the house with a wall of conventional batteries is not so exotic. In fact, Panasonic recently said it was reaching the limit of its capacity to produce battery cells for data centers. These are cells very similar to those of the Glubux project although, obviously, initially created to power systems such as data center racks. They are still systems made up of packs made up of hundreds of ‘batteries’. And now I can only wonder if Glubux’s silence is because it is building its own data center next to the shed. Images | Glubux, Daniel88

the supermarket next to the house

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With Mercadona gaining weight in the sector and the white label has become the unexpected ram of the market, more and more chains of retail They ask themselves the same question: How the hell do they grow in Spain? How to gain business share? The data of the sector suggest that more and more chains arrive at the same answer: leaving behind old formats and betting on the neighborhood ‘supers’. If the customer does not go to the store… it is the store that goes directly to the customer, either landing in their neighborhood or ‘sneaking’ in airports and stations. The question is whether it will work for them. Putting sixth. The data has revealed it theEconomist: If there are no surprises and the plans that the companies in the sector have been outlining are fulfilled, this year hundreds and hundreds of new supermarkets will open in the cities of Spain. Only Carrefour, Dia and Alcampo will add about 350 And to them are added the openings planned by chains such as Eroski, Consum, Unide, Lidl or Aldi, sometimes with direct management and other times through franchises. The most curious thing, however, is not the figure itself, but what it hides: a step back from the old hypermarkets in favor of the ‘super’ ones, smaller and closer to the customer. Going down to detail. The largest deployment will come from Carrefour. In the remainder of the decade, the French group wants to open 750 stores convenience stores in Spain (net openings), especially under the Carrefour Express brand. Most of them (450) will be deployed between the remainder of 2026, 2027 and 2028. At the end of last year Alcampo also announced its intention to undertake a “growth phase” with between 80 and 100 openings per year and the remodeling of 31 stores. Its commitment also involves the ‘hypermarket’ format, although when presenting its roadmap the company only mentioned one, under a franchise regime, in Toledo. The objective is similar to that of Grupo Dia, which has also set the objective of achieving the hundred openings throughout 2026. Are they the only ones? At all. They also have expansion plans for Eroski (which aspires to launch 75 new stores per year over the next three years) and Lidl, aldi and consumptionwhich will add up to dozens of openings. Only Aldi plans to launch 40 new supermarkets throughout 2026, which will allow it to further strengthen a commercial network that at the end of 2025 was around 500 establishments with a commercial area of ​​about 549,000 m2. Added to these new features are already announced by other chains that will probably be announced by other firms over the coming weeks and months. Mercadona, without going any further, has not yet presented its results. Beyond the numbers. The opening figures are interesting, but even more so is the reading they leave: the chains are not opening just any type of store. Its commitment focuses above all on local stores located in urban centers, prioritizing them over larger spaces in the suburbs. In other words, the supermarket is strengthened and the ‘hyper’ loses weight, a format that has more than five decades present in the Spanish market and achieved considerable success both socially and in sales volume. In the doldrums. Right now it is estimated that in Spain there are around 500 hypermarketsa wide network that has been losing strength over the years in favor of the ‘super’ format, which has more than 48,200 establishments. According to data from Worldpanel by Numerator, in 2025 the hyper market share was 11.3%. A triple bad data. Not only does it show a year-on-year drop of 0.8%, but it is also far from the 30% it reached in the 1990s. The figure is also well below the super market share, which is around 67%. The example of Carrefour. Probably the company that best reflects the change in trend is Carrefour. The French signature was a pioneer in the commitment to hypermarkets in Spain (one opened in El Prat de Llobregat in the 70s), but in recent years its commitment has largely pivoted towards another format: that of small stores and even operated by franchisees. “The convenience format gives us an extraordinary opportunity to grow,” recently recognized Alexandre Bompard, CEO of the company. Its commitment is not only to extend its convenience ‘super’ network. It wants to reach more places, gaining presence for example in airports and train stations. As for the hypers, consider giving them a spin, dedicating up to 10% from the drugstore space, pets… products beyond food. What about the ‘hypers’? That we Spaniards seem less and less dice to make our purchases in these commercial spaces, characterized by their large size, wide range and location. At least that is what indicators such as those published by Woldpanel by Numerator suggest, which reflects a gradual loss of share. There is who is speaking now of the “hyper crisis”. That decrease is perhaps one of the reasons which explain that Carrefour have seen burdened his market sharenext to other chains with a similar approach. The French firm boasts of being “absolute leader” in the hypermarket network in Spain. Of the 1,500 establishments that manages, 200 respond to that concept. Images | Eroski Group (Flickr) and Carrefour Via | theEconomist In Xataka | We knew that Mercadona was making gold from its suppliers. Now we know the million-dollar toll that this entails.

In London more and more people lose money when they sell their house. The question is whether it is the canary in Europe’s mine

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Located north of the Thames, Tower Hamlets is one of the districts most emblematic from London. In fact, it covers a large part of the East End, the historic center of the capital. For years (like most of the city) it also represented something else: a juicy market for those who wanted to invest in housing and achieve high returns. Not anymore. In 2025 about 30% Of the owners who got rid of their homes in that neighborhood (mostly apartments) had to do so for less money than they paid at the time. And it’s not just something that happens in Tower Hamlets. What has happened? That in London housing is no longer an infallible business. This is suggested at least by the latest study published by Hamptons, which reveals that in 2025 Londoners were the Britons most likely to lose money from the sale of their properties. Even more than its neighbors in the northeast of the United Kingdom, who have spent years leading the ranking. “Rising London house prices are no longer the safe bet they once seemed,” concludes the report, which is supported by the Property Registry. What do the figures say? that last year 14.8% of people Those who sold their home in London did so for less money than they originally paid. It may seem like a modest percentage, but it is striking for several reasons. To begin with because it is the largest in the entire United Kingdom. The national average is 8.7% and there are British regions where this indicator is much lower, such as Wales (6.2%), East Midlands (6.7%) or West Midlands (6.9%). London has effectively ousted Nort Easth, which had dominated the sales ranking with losses for the last decade. Is Tower Hamlets a unique case? No. Tower Hamlets is the London district where the trend is best appreciated, but is not the only one in which a significant proportion of homeowners (28.2%) have lost money by getting rid of their homes. In the City, 26.2% of sellers closed transactions in “red numbers”, in Kensington & Chelsea 22.4%, in Westminster 22.1% and in Hammersmith & Fulham 20.8%. Curiously, in the cheapest district of London, Barking & Dagenham, only that indicator is much lower: 5.3%. “In some cases, even homeowners who bought a decade ago risk getting back less than they paid, something almost unthinkable in 2015. And for many the sums are small,” the study insists. “In the coming years it is likely that more sellers will have missed out on the price boom that London experienced between 2012 and 2016, as they bought at the peak of the market.” Is there more data? Yes. The Hamptons report raises some interesting ideas. For example, most of the sales with losses (close to 90%) were carried out by apartments. If we talk about houses, the photo is somewhat different. Hamptons technicians recognize that in 2025 the average seller in London pocketed 172,500 pounds more than what they originally paid when purchasing their home, but they insist on the increase in sales at a loss: if in 2019 they represented 5.9%, in 2025 “red” operations already represented 14.8%. Is it the only report? No. Over recent months, more analyzes have been published showing that the London property market is not going through its best moment. There is talk of a price drop of 5.1% at the end of 2025 (which takes the market even further away from the 2022 data) and even from a sluggish prime housing market that will not rise until at least 2028. “In London, the growth of house prices is no longer a safe bet,” he explains to Financial Times Aneisha Beveridge, Hamptons manager. There is studies which show that prices are declining in half of London’s neighborhoods, leaving a “two-speed” market: that of the most expensive (and volatile) areas and the cheapest, which has demonstrated greater resilience. In December Bloomberg warned that homes worth more than two million run the risk of depreciating, losing almost 5% of their value in one year. What is the reason? The big question. When explaining the London trend the analysts they point out several factors. One of the main ones is the regulatory change, marked by the end of discounts to the purchase of housing and a greater penalty for the purchase of second homes and houses as investments. The authorities have also focused on the prime segment, rethinking the status nom-dom for large foreign fortunes and raising local taxes for the most expensive properties. Added to the above is the influence of Brexit, the exorbitant prices that London reached in 2022 or how difficult it is for families to access the market, partly because the cost of rent neutralizes the ability to save. The question that some are already made is whether London is an isolated case or should be understood as a canary in the mine for other European capitals. Image | Benjamin Davies (Unsplash) In Xataka | Housing is getting so expensive that in the United Kingdom there are already people opting for plan B: living on boats

In Spain, getting a house has become an impossible mission. There are those who are receiving them as a donation in exchange for taking care of dogs

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It happened in Madrid. ‘Subject A’ barely has contact with his children but feels enormous affection for his dogs, so he decides to reach an agreement with ‘subject B’: he will donate his home in usufruct if he agrees to take care of his pets. If ‘Subject B’ complies, no problem. If the animals end up unattended, you risk having the donation revoked. That of ‘A’ and ‘B’ is just one case commented a few days ago to The Newspaper (EPE) by a lawyer with an office in the capital, but it reflects a larger phenomenon: the increase in donationsincluding conditional ones. And it makes sense. What has happened? that in full housing crisiswith rental prices and m2 climbing to levels that remember to those of the brick ‘boom’, each time is more common meet donation signatures in notarial offices. Money is donated. And homes are donated. It’s nothing new. The trend has been going on for some time now. some time and it is part of a broader phenomenon that we have been talking about for some time, the ‘Great transfer’. What is striking is that just revealed EPE: not only do donations in general skyrocket, so do ‘conditional’ donations, those in which the agreement is subject to a series of previously agreed upon requirements. Donations with conditions? Exactly. Tax authorities defines them as agreements by which the donation is conditioned to certain requirements. “For it to be valid, the donee must be able to execute the condition or it must be an event with a high probability of occurring,” clarify the Treasury, which thus differentiates it from other types such as ‘pure’ or ‘remunerative donation’. Its dynamic is therefore simple: donor and donee reach an agreement on which the donation is conditional. It is fulfilled, perfect. If not fulfilled, the good returns to the donor. That is the logic, although in practice there are certain nuances. For example, the donation does not always have to take place at the same time. The donated property can be delivered when the agreement is signed or left in suspense waiting for the agreed conditions to be met. What do people agree? EPE has spoken with several offices in the Community of Madrid and has come across agreements of all kinds. For example, a grandmother who donates her house to her granddaughter in exchange for her finishing her degree and studying a master’s degree, donations to caregivers or (probably the most striking of all) transfers that are conditional on the care of animals. “There are cases in which the house is donated with the condition that the recipient takes care of their pet for as long as it is alive,” clarifies Manuel Hernándezby Vilches Abogados. “This guarantees (the donor) that if they die, their pet will be taken care of. It can also be done by inheritance, with a conditional legacy.” Is it just theory? No. As an example, Hernández cites the case with which this report began: a man from Madrid decided to donate his home to a friend in exchange for her taking care of his three dogs. “She had little connection with her children and was very fond of animals, so she donated her house in usufruct to a younger friend, if she would take care of her dogs. If this condition was not met, the revocation procedure could be initiated,” says the expert. The phenomenon is increasingly common and part of the “humanization” of pets. Is that easy? In practice, the agreements have fine print. It I remembered recently in COPE the lawyer Carolina Florez de Quiñones, who recognizes this type of conditional transfers, just like those directed to caregivers of the elderly; but he warns: “No one can leave alive what he cannot leave dead.” What does that mean? That the will of the person who donates is one of the key factors to take into account, but not the only one. Another is forced heirs. A living donation that damages your ‘legitimate status’ may end up being considered ‘unhelpful’. Are there more formulas? Yes. Another formula that has become popular is the donation of housing in bare propertywhich basically consists of transferring ownership of an asset without the rights of use and enjoyment. If we are talking about an apartment, that means that the donor can pass it on to his children, grandchildren, nephews or whoever he considers, but without giving up the usufruct of the home for the rest of his life. That is, the donor continues to enjoy the apartment as if nothing had changed, which implies that he or she can live in it or even rent it. Have they increased that much? The donations, definitely. In October the General Council of Notaries (CGN) published a report which shows that between 2017 and 2024 housing donations skyrocketed by almost 68%: from 32,623 they went to 54,735. During the first half of 2025 alone, it counted 27,000 donations. At the same time, notaries recorded an increase in inherited homes. The backdrop is the rising cost of housing and the difficulties of access for young people, which partly explains why grandparents, parents, uncles… come to the ‘rescue’ of the new generations, facilitating their access to the market. What do the notaries say? “The data show a clear increase in donations and inheritances of homes from older people to the following generations,” confirms the CGN. In case there were any doubts about its growing weight, the group also remembers that the number of inherited and donated homes in 2024 would be equivalent, overall, at 64% of purchase and sale operations. Not only housing is donated. Money is also transferred from the pockets of grandparents or parents to grandchildren/children to make it easier for them to get a mortgage. The question remains as to how many of these donations come with conditions. Images | Pam Mene (Unsplash), Yen Vu (Unsplash) and General Council of Notaries In Xataka | There are rich people so bored with their … Read more

If your renovation is a pain, think about the house that cost 120 times more than its original cost: a masterpiece

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Renovate a house It is usually an exhausting experience: budgets that skyrocket, structural unforeseen events, provisional solutions that end up being permanent. Now imagine that this home is not just any apartment, but one of the great icons of the 20th century, visited by millions of people and examined to the millimeter by historians, engineers and conservators. Then the reform stops being a domestic problem and becomes a continuous battle against time. Thus an icon was born. The assignment that changed a career The year was 1934 when Edgar J. Kaufmann commissioned Frank Lloyd Wright a weekend house next to a waterfall in Bear RunPennsylvania. The architect then took an unprecedented decision: He decided not to look at the water from afar, but to literally build on it. The work, built between 1936 and 1938, almost immediately became in a manifesto of organic architecture: concrete terraces that float over the waterfall, local stone walls that sprout from the rock, spaces that open to the forest as if the house were an extension of the landscape. By January 1938 he already occupied the same cover of time and critics proclaimed it one of the great masterpieces in the history of architecture, one capable of reconcile modernity and nature in an unforgettable image. It happens that there is always a “but” in a work, and one like this was no different. Yes. That perfect image had a disproportionate price from day one. The original cost exceeded the planned budget almost four times and reached approximately $155,000 of the time, a figure equivalent to about 3.3/3.5 million current dollars. Added to this were Wright’s own fees and the expenses derived from a complex execution in a unique but remote environment, so that the project was born already financially stressed. What should be a weekend country house became a total commitment, technical and economic, to materialize a radical vision. And we come to the material that has given the work its name, although it almost took everything away. The gesture that made Fallingwater world famous, its large columnless cantilevers over the waterfall, was also its Achilles heel. During the work, the engineer in charge of concrete warned that only eight reinforcing bars had been placed on a main beam and that, for a span of that length, it should have been duplicated steel. However, Wright rejection the objections, arguing that adding more reinforcement would damage the structure and demanding absolute confidence in their judgment. The contractor, without warning, decided to increase the steel anyway. Even so, when removing the formwork the first cantilever deformed more than four centimeters and was left with a permanent arrow that today translates into a visible slope close to two degrees. And the cracks came before inhabiting it The problems were neither theoretical nor late. Even before the Kaufmann family moved in in 1937, there were already documented leaks and cracks on the concrete parapets. As the decades passed, some balconies began to sink. more than 20 centimeters with respect to its original position, and in the nineties engineers found that the cantilevers they had failed technically and required urgent reinforcements to avoid greater risk. The house that seemed to defy gravity rested on a more fragile balance than the iconic photograph suggested. If the waterfall was the soul of the project, the rain and snow were its nightmare. Flat roofs, terraces that function as roofs for lower rooms and masonry walls holes filled with rubble They made it easier for water to find invisible paths into the interior. So much so that since the 1940s the house was nicknamed with irony by its owners for the number of buckets needed to collect leaks, and almost ninety years later an intervention of 7 million dollars intended to seal covers, inject more than a dozen tons of grout on the walls and improve waterproofing. It didn’t matter the crazy price that had been used previously, many leaks they returned with time. The overhang of the living room seen from the bridge leading to the house At the end of the 20th century and the beginning of the 21st, a structural restoration was undertaken that would be decisive: the beams were drilled and introduced steel cables post-tensioned to “pull” the concrete and recover part of its original position. That operation prevented the sinking will progressbut it did not eliminate the need for ongoing maintenance. To give us an idea, from 1937 to today, the preservation of Fallingwater has already exceeded 19 million dollars, a figure multiplied by about 120 times the initial cost of construction and which illustrates the extent to which keeping the icon standing has been more expensive than its own creation. In 1963 the Kaufmann family donated the house to the Western Pennsylvania Conservancy, which opened it to the public the following year. Since then, more than 6 million of people have visited it, and its status as a National Historical Monument and UNESCO World Heritage Site consolidated his status as one of the masterpieces of the 20th century. Paradoxically, the same audacity that generated the cracks, deformations and leaks is what gave it its symbolic force: Fallingwater, or The Falling House, embodies the rhetoric of the American dream of merging with nature and dominating it at the same time, even when that ambition required paying an enormous structural and economic price. The history of this icon shows that architectural genius is not exempt material risk. Wright’s possibly exaggerated authorship, his conviction towards engineers and contractors, and his willingness to take concrete further of prudent limitsproduced a work that was both sublime and problematic. If you will, it is also an imperfect building that has needed decades of disagreements, revisions and reinforcements to remain standing. And precisely for that reason, more than a frozen postcard over a waterfall, Fallingwater It is proof that great works are born from the tension between vision and reality, and that even masterpieces can always be, literally, at the edge of the … Read more

Living for free in your parents’ house does not imply a donation of the home

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He house price It is one of the main obstacles to the emancipation of young people in Spain. According to data According to the Spanish Youth Council, only 15.2% of young people can afford to live outside the family home. Of them, 57.9% do so in rented apartments and a third of these young people share a flat with other young people to be able to bear the expenses. In this context, it is not strange to find people over 30 years old living with their parents. However, according to have confirmed the Ministry of Finance to VerifyRTVEit is false that living for free in your parents’ home, or in “any property of your parents”, can be considered “as a donation”. The Treasury makes it clear: there is no donation. Both from the Ministry of Finance like from the union of Technicians of the Ministry of Finance (GESTHA) point out that there is no tax or legal change that penalizes children for residing in the family home. Sources from the Ministry of Finance confirmed to damn.es that “there have been no legal changes or changes in the orientation of administrative actions since the IRPF existed, nor has it ever been considered a fiscal risk.” Carlos Cruzado, president of the GESTHA union, explained to RTVE that no taxes or duties apply additional taxes for the simple fact that an adult shares a home with his or her parents. Donation is a change of ownership, not use. The reason why no charge is made is because, simply, when a child lives with his or her parents, no transfer of assets occurs. The consensual use that is made of it changes, not the ownership. This change of use between family members without financial compensation does not fit into any of the assumptions of the Inheritance and Donation Taxso neither parents nor children they must pay that tax. The professor of Financial Law Rosa María Galán pointed to damn.es that, in the case of children without economic resources to survive on their own, the article 142 of the Civil Code obliges parents to cover the support, housing, clothing and medical care of their children. There is no need to argue for free coexistence since providing it is a legal obligation. It even applies to second homes. This same logic applies even when parents and children do not live in the same property, but, for example, the parents live in the primary home, and the children in a second residence owned by the parents. According to Cruzado, the Treasury “understands that there may be a free transfer and does not allocate a return at market value.” In this case, the parents are taxed the same as if the home were empty due to the imputation of real estate income in personal income tax, the same obligations that already exist. for having a second residence without regular use. In this case, the owner of the home must pay a tax of 2% of the cadastral value of the property, and in some cases is reduced to 1.1%. That is, what is taxed is the condition of second home ownership, not the fact that children live in the home or not. The transfer of use is not a donation: the distinction that changes everything. As and as explained José María Salcedo, managing partner of the tax firm Salcedo Tax Litigation to Idealistiche article 6.5 of the Personal Income Tax Law establishes a presumption of onerousness. This means that the Treasury tends to assume that any transfer has a price. However, this presumption admits evidence to the contrary, and the most common instrument to prove it is the bailment contracta document that formalizes the loan of the property without financial consideration and that, according to Cruzado, the Treasury “does not usually carry out these checks”, although it serves as a guarantee to justify “free of charge the right to use someone else’s property for a certain period of time.” In Xataka | There is a less painful solution so that an inheritance does not become a ruin for the heirs: renounce it Image | Pexels (Kampus Production)

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