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Spanish ghost villages offer property bargains of the century
| Published: | 11 Mar at 6 PM |
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Abandoned by their residents who left the Spanish countryside in search of work, entire villages are now for sale at half the price of an average UK home.
Entire charming, if dilapidated, hamlets deep in the Spanish countryside are for sale at prices as low as £50,000 to expats looking to renovate and live the good life. Examples include a village with a three-bedroomed house, five other buildings a fresh-water spring and an expanse of land, on the market for £50,000.
According to an estate agent specialising in properties for renovation, around 2,900 deserted villages are dotted around rural Spain, rejected by their communities during the recession and with many now up for sale. Around a third of the overseas buyers paying bargain-basement prices are British, with most having big plans as regards renovation and use of the land.
The majority of the properties need extensive renovation, but offer many original features such as beamed ceilings, dry-stone walling, traditional roofing and fireplaces as well as their own wells. A few have at least one liveable home for accommodation during the renovation process, and all lie in remote, peaceful areas of the Spanish countryside.
A British buyer from Cumbia is expecting to spend no more than £140,000 for the total renovation of his four dilapidated houses in Arrunada, northwest Spain, and is half-way through his first project. Original owners of these properties are now working in the cities, and are reluctant to return to their former lifestyles in the country as they regard it as a reverse move.
Entire charming, if dilapidated, hamlets deep in the Spanish countryside are for sale at prices as low as £50,000 to expats looking to renovate and live the good life. Examples include a village with a three-bedroomed house, five other buildings a fresh-water spring and an expanse of land, on the market for £50,000.
According to an estate agent specialising in properties for renovation, around 2,900 deserted villages are dotted around rural Spain, rejected by their communities during the recession and with many now up for sale. Around a third of the overseas buyers paying bargain-basement prices are British, with most having big plans as regards renovation and use of the land.
The majority of the properties need extensive renovation, but offer many original features such as beamed ceilings, dry-stone walling, traditional roofing and fireplaces as well as their own wells. A few have at least one liveable home for accommodation during the renovation process, and all lie in remote, peaceful areas of the Spanish countryside.
A British buyer from Cumbia is expecting to spend no more than £140,000 for the total renovation of his four dilapidated houses in Arrunada, northwest Spain, and is half-way through his first project. Original owners of these properties are now working in the cities, and are reluctant to return to their former lifestyles in the country as they regard it as a reverse move.
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