The price of real estate assets has been rising steadily in recent years, and London is one of the cities most famous for its high property prices. A micro-apartment of just 7 square meters in the Lower Clapton neighborhood of East London was recently auctioned off.

How much do you think was paid for this property?

The apartment sold for US$122,000, 80% more than the base price set at the auction, conducted by the online auction platform My Auction. The current tenant pays US$1,100 per month and uses it a couple of times a week as a place to pass through. Putting together a habitable place, including a bed, in 7 square meters requires a show of imagination. In this case, the bed is located above the shelves, shelves and a microwave.