The luxurious 14th floor apartment 'Castilho 203', in the centre of Lisbon, ended up being bought for 7.2 million euros after being disputed by three millionaires. With prices comparable to cities like Paris or New York, this transaction is considered to be the most expensive apartment ever to be sold in Portugal.

Generally, a terrace is an open, outdoor space off your apartment that sits on a building's setback, therefore not extending over the facade of the building. That's unlike a balcony, which is smaller and overhangs the building's exterior wall. It's different from a loggia, which is covered outdoor space.