An entire Spanish village is on sale for Rs 2.1 Crore
Most of us dream of buying a house or a villa, but have you ever dreamed of buying an entire village? In interesting news, a Spanish village that has been uninhabited for over 30 years is currently up for sale for 227,000 Euros (Rs 2,16,87,831), according to a report by the BBC.
The village, Salto de Castro, is located on the border with Portugal in the province of Zamora and a three-hour drive from Madrid, Spain. It includes 44 accommodations, a hotel, a church, a school, a municipal swimming pool and even a barracks that once housed the Civil Guard, the newspaper added.
In the early 2000s, the owner bought the village with the aim of making it a popular tourist destination. The eurozone crisis, however, made it difficult for the plan to succeed. Ronnie Rodriguez, who works for Royal Invest, the company representing the owner, said BBC“The owner had the dream of having a hotel here but everything has been put on the back burner. He would still like the project to come true.”
The property was listed on Idealista, a Spanish property retail website. The website mentions that the owner said, “I’m selling because I’m a city dweller and can’t deal with inheritance or donation.”
“The investment necessary to make the village 100% exploitable and profitable would not exceed 2 million euros”, further specifies the real estate site.
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The retail page reportedly received over 50,000 views. It has also attracted interest from over 300 parties from Britain, France, Belgium and Russia. “A potential buyer has already put in the money to book it,” Rodriguez said. BBC.
Since the 1950s, Iberduero, a power generation company, had housed employees building a reservoir nearby at Salto de Castro. However, once the work was completed, the employees left the village and it was totally abandoned in the 1980s.
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