Is Historic Rome Villa the World's Most Valuable Property?

A historic Rome valued at €471m ($535m) has failed to sell at auction, with a new sale set for later this year.

The property is home to the only known ceiling mural by Italian baroque artist Michelangelo Merisi, better known as Caravaggio.

The BBC's Rome correspondent Mark Lowen was allowed in to take a sneak peek inside.


Villa Aurora: Rome property fails to sell for €471m at auction: A villa in the Italian capital Rome housing the only mural by Caravaggio has failed to sell at auction. »

House with No Toilet Sells for $2m as New Zealand Property Market Soars

A house in in Auckland, New Zealand, has sold for more than $2m despite needing more than $200,000 worth of improvements. Photograph: Barfoot & Thompson
THE GUARDIAN: The decaying, rundown property in the Auckland suburb of Grey Lynn was prized because of its renovation potential

A decaying three-bedroom house with no toilet or bathroom, missing walls and an overgrown garden has sold in New Zealand for more than $2m (£1m), in the latest example of runaway property markets around the world.

The 1920s-era bungalow on Ariki Street, in Auckland’s affluent suburb of Grey Lynn, sold at auction on Thursday for $2.075m (£1.05m), after the bidding opened at $1.75m, Stuff reported.

Auckland council’s property valuation page estimates its value at $1.65m and that the property requires $200,000 worth of improvements. » | Eva Corlett in Wellington | Thursday, July 15, 2021