On September 10 took place the solemn opening ceremony of the multifunctional block of flats built at Tsitsernakaberdi 1/2 in the capital. On the basis of the suggestions made by the special inter-departmental commission formed on the instruction of the RA President Serzh Sargsyan, within the scope of the RA Government decree 342-A, dated 04.04.2013, apartments in the newly-built block of flats have been allocated to the families whose purchased homes were lost as a result of the failure of construction carried out by a private developer at the address Arami 72-80 in Yerevan. The honor of opening was given to Yerevan Mayor Taron Margaryan and the director of new building developer company "D and H group"Vahe Petrosyan. It should be noted that a criminal case was launched by the Department of state interest defense of the RA Chief Prosecutor's Office in December 2011 concerning the case of grabbing big amounts by cheating and abusing confidence of the residents in 2005-2011. The developer of the failed building was "Gapbnakshin" Ltd. The total area of the building at Arami 72-80 was about 21 thousand square meters, but the developer sold 53 thousand square meters. One apartment in the building at Arami 72-80 was sold to 8 buyers! As a result of all machinations 476 families became the victims of dishonesty losing big amounts. The citizens had to turn to the President of the Republic expecting the state help in this issue. As a result the President instructed to form a special inter-departmental commission in March, 2012. Taking into account that the problem referred to 476 families it was vital to find a non-standard solution. A part of the citizens suffered the dishonesty were given apartments in this building at Tsitsernakaberdi 1/2 address, the other part was allocated flats in the building at Arami street. So the problem got a complete solution. The building built in accordance with all necessary standards and provided with all conveniences. The surrounding area of the complex with total area of 65 thousand square meters was completely improved: benches, dustbins, bowers, children's playground was constructed at this area. Today 476 families have got apartments, but there are still many who believe, that their housing problems also should be solved in the near future. Still many defrauded families did not received compensation for expropriated land and apartments located on the street Byuzand, district Kond and some other problematic developments. During the grand opening ceremony mayor of Yerevan told that all deceived residents will receive new houses. Committee on these issues now is considering what model to choose for solving the problem and how to find new investors.

It may be known as the "Villa of Smiles" but since Robin Williams' death, his Napa Valley home for sale listing is now tinted with sadness. The late actor had put the home on the market months before his August 11 death, saying he could no longer afford the sprawling mansion in the middle of California wine country. While many celebrity mansions are staged and sanitized so that their owner's identity is hidden, Robin's hand can be seen throughout the main house and the 2.6 million square meters property. Featuring a staggering 1800 square meters five bedroom, six full and five half bathrooms main house and a four bedroom guest house, the 'ranch' as Robin called it, had provided a hideaway from Hollywood for the star. However, he had tried to sell the home in 2012 for US$ 35 million but did not find any buyers, then in April re-listed the home for the reduced price of US$ 29.9 million. The large property also features a stunning infinity pool abutting the main house that is an amazing 20 meters long. Also contained within the grounds is a seven-stall horse barn, tennis court, hiking and riding trails, a spring-fed pond, and, more than 100 olive trees which produces gallons of olive oil every year, and vineyard which produces Cabernet Sauvignon, Merlot and Cabernet Franc varietals.

One of London's most recognizable landmarks, the Gherkin, has been put up for sale and is expected to be snapped up by an overseas buyer. The 40-storey City of London skyscraper was put into receivership in April, and the agents appointed to sell it are hoping for offers in the region of US1 billion to US$ 1.1 billion. Savills and Deloitte Real Estate have been jointly instructed to sell the 46,900 square meters office building, which was designed by Lord Foster and opened in 2004. The two firms said marketing of the Gherkin - including an advertising campaign and a dedicated website - was about to begin, "with interest expected to come from all corners of the globe". Built at St Mary Axe on the site of the Baltic Exchange shipping market, which was badly damaged by an IRA bomb attack in 1992, the Gherkin quickly became a London landmark, featuring in TV programs and films. Perhaps its most prominent role came in the 2006 erotic thriller Basic Instinct 2, in which the building doubled up as the office of a criminal psychiatrist. The building currently has about 20 tenants, including the insurer Swiss Re, which originally owned the building, and is also used as a wedding venue. Stephen Down, head of central London investment at Savills, said several parties had already registered their interest, and added that he anticipated they would be looking to close the deal by the end of September or the beginning of October. He said the building had been well looked after: "It's in very good order." Potential buyers could include a sovereign wealth fund from the Middle East or Asia, or perhaps a large pension fund or private equity house. Deloitte, which was appointed to take control of the tower, previously said that the Gherkin's co-owners - a Mayfair-based investment bank and a German property investor, IVG Immobilien - had run into problems related to currency issues, rather than any difficulties with the wider property market. Read more about the Gherkin ,

The Greek IRS is preparing to sell, through an online auction, 1,500 villas in tourist resorts in the country, such as Santorini, Rhodes, Kos, Porto Heli, Paros, Mykonos and other, because their owners do not comply with their tax obligations. After having exhausted all relevant stages, from the notice to the seizure, the next step for the Operational Collection Unit and the Recovery Control Center for Taxpayers with Great Riches, is the auctions in order to enable the Greek government to collect taxes from the wealthy that are hiding from IRS. "The money might have gone abroad, real estate, however, have stayed in Greece", say the administrator staff of the Ministry of Finance, who is handling the case. The Finance Ministry plans to auction the said real estate through the electronic auction platform e-Auction that the Hellenic Republic Asset Development Fund's (HRADF) uses for the sale of public real estate. They believe that they will attract a strong interest from abroad (from wealthy Arabs, Russians, Americans, Chinese, Germans, etc.), because they are premium properties, as opposed to apartments and residential properties that have lost their value, or land without clear legal ownership status that scare investors, which results in their auctions proving infertile. The Finance Ministry bets that there will always be those financially strong who will seek to acquire a privileged or unique property with just a few clicks. The draft for the auction of such property has other advantages as well: Instead of the IRS chasing people with low incomes and create a humanitarian issue, they aim at owners with expensive and luxurious properties who can live in smaller houses, which they usually own. Moreover, the high value of property (hundreds of thousands or even millions of euro), is a guarantee that the government will find money to settle the debt in full, so that the debtors will not remain "captives" of the IRS.

A luxury villa in Majorca where Diana, Princess of Wales once stayed has been put on the market for US$ 52 million, making it the most expensive property on the island. Castillo Mallorca, located on its own private peninsula has been put up for sale by German-based real estate agents Engel and Voelkers. The 1,400-square meter property is about 20 minutes from Majorca's capital Palma de Mallorca. The villa includes a sauna, gym, piano lounge and billiards room. The main house - there is also a guest house - contains a "Lady Diana" suite which is where the princess stayed. Guest houses, a swimming pool, gardens and terraces also feature in 6,000 square meters of land. Despite Castillo Mallorca's heavy price tag the agents handing the property are pretty confident about a sale. There had already been interest from Chinese, Swiss and Spanish buyers, he added. "This is a unique property in a unique location and we think the current German owner will get something very close to the asking price," a spokesperson for Engel and Voelkers told The Local.