Entire Spanish Village On Sale For Just $260,000; Complete With Hotel, 44 Homes And School
KEY POINTS
- Salto de Castro's current owner bought the property in the 2000s to make it a tourist attraction
- About 300 potential buyers from all over Europe have already inquired to purchase the village
- The Spanish property previously went up for sale for as much as $6.1 million
Have you ever dreamed of buying a house to live in another country? How about owning an entire village?
An uninhabited village in northwestern Spain is up for sale for just over $260,000, a cost which is roughly similar to a one-bedroom apartment in the capital Madrid.
Salto de Castro is located in the Spanish province of Zamora and shares a border with Portugal.
The small village is complete with town features as it offers 44 houses, a hotel, a school and even civil guard barracks.
Ronnie Rodriguez of Royal Invest, the company representing the 80-year-old owner of the village, told the BBC that the owner bought the land in the early 2000s.
The owner's intention for Salto de Castro is to make it into a tourist attraction. But the plan was scrapped due to the European debt crisis.
"The owner had the dream of having a hotel here, but it was all put on hold," Rodriguez said.
Despite the situation, Rodriguez said the owner still wants to pursue his dream project for the village.
Idealista, a real estate website, listed the Spanish property. The owner put a description telling that he wants to sell it since he's an "urbanite and cannot take care of the inheritance or donation."
Rodriguez said 300 people from all over Europe have already gotten in touch with him about the property, with one potential buyer already putting money down to reserve it.
This is not the first time Salto de Castro has been put up on property listings, as it previously went up for sale for as much as $6.1 million.
But the owner struggled to look for buyers, and vandalism in some buildings cost the price to deteriorate.
The village, abandoned in the late 1980s, formerly housed families of workers who built a reservoir nearby.
Salto de Castro is just one of the hundreds of ghost villages in Spain's countryside that have been put up for sale in the past years.
At the beginning of the 2010s, the country faced an economic crisis that forced Spaniards to migrate from small villages to larger cities. The crisis has also pushed homeowners to sell their properties.
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