Apartment

A human rights institution has made a landmark decision by fining a real estate agent and landlords who rejected renting their apartment to a woman on the grounds that she was unmarried.

Amid rising earthquake concerns in Türkiye's largest metropolis Istanbul, people have started migrating from the districts closer to fault lines to more safe locations, as many apartments sit vacant.

Landlords, who are having problems finding new tenants for those houses, which are mostly old structures, have no other solution but to reduce rents.

Apartment prices in Greece grew by 12.2% in the fourth quarter of 2022 and at an average annual rate of 11.1% in 2022, the Bank of Greece said in a report on Wednesday.

Broken down by age of property, the annual rate of change in prices of new apartments was 12.1% and 12.2% for old apartments.

The family won't allow BIRN to publish their names nor take any photos of the apartment or building, for fear the neighbours might identify and harass them.

Acquiring a newly built home is turning into an elusive dream for the vast majority of Greeks.

The main reason is the jump in selling prices stemming from the rising construction costs, but also higher land rates and higher energy efficiency standards that all new properties must now to meet.

The asking prices for a large portion of apartments in the center of Athens are now set at rates similar to those of the northern suburbs, or even higher.

The maintenance fees of residential complexes, which have reached exorbitant prices, have compelled the residents to move to different districts and the apartments at independent buildings.

Since his initial move into the apartment, Verhaeg’s monthly rent has increased by an additional $100

Landlords who seek lucrative income by leasing out their properties particularly to foreigners at excessive rental prices are now facing problems as new tenants either fail to pay rents or leave the flat before the contract expires.

Nobel Prize winner Orhan Pamuk has attempted to demolish the house he is living in within the scope of an urban transformation project, but the angered neighbors have accused him of having a "hidden agenda" to build a museum instead.