Entire village for sale in Spain…Rich people flock to buy: Do you know how much it’s worth?

by time news

A village in Spain has been announced for wholesale sale for around Rs 2.1 crore.

The village has 44 houses, a church, a school, a municipal swimming pool, a hotel and a barracks building for the Civil Guard.

The city has been uninhabited for 30 years

In the 1950s, the power company Iberduero undertook housing projects for workers building a reservoir near the village of Salto de Castro.

WIKIMEDIA COMMONS

But Salto de Castro has been completely abandoned since 1980, as all the workers left the village after the work was done.

A project to convert it into a tourist site

A man who bought the entire village in the early 2000s planned to rehabilitate the entire village of Salto de Castro and turn it into a major tourist destination.

However, due to the crisis in Europe during that period, the plan to turn it into a tourist destination was shelved.

Entire village for sale in Spain…Rich people flock to buy: Do you know how much it's worth?  |  Entire Spanish Village Salto De Castrois On Sale WIKIMEDIA COMMONS

Resale

Salto de Castro, a village in Zamora province near the border with Portugal, is a three-hour drive from Madrid, Spain.

The town, which has been uninhabited for 30 years, is now up for sale again for around €227,000 (2.1 crore), according to a BBC report.

In this regard, Rony Rodríguez, who works for Royal Invest, the company that represents the owner of the village, told the BBC that the owner had planned to build a large hotel in the town that has been put up for sale, but it was put on hold for various reasons, although he still wants the project.

Entire village for sale in Spain…Rich people flock to buy: Do you know how much it's worth?  |  Entire Spanish Village Salto De Castrois On Sale

More than 300 people from Britain, France, Belgium and Russia have expressed interest in buying it, with one person putting down money to reserve it, Ronnie Rodriguez told the BBC.

Reason for sale

And the owner has also mentioned his reason for selling the village on Spanish property retail website Idealista.

In which the owner said that since I am an urban resident I am unable to take care of the inherited or donated property and am selling it.

The sales website also noted that the investment needed to make the village 100 percent operational and profitable would not exceed 2 million euros.

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