- May 27, 2013 at 11:35 am #57519
British buyers are snapping up entire villages in Spain for a fifth of the price of the average semi-detached home here.
Property bargain-hunters are making the most of Spain’s economic crisis to buy homes locals can no longer afford to keep.
Most of the tiny villages have been in the hands of the same families for generations, but in many cases their inhabitants have moved away to urban areas and the houses have fallen into disrepair.
- May 27, 2013 at 11:43 am #117073
- May 27, 2013 at 11:47 am #117075
There are lots of abandoned villages in Spain. Just take the train from Barcelona to Madrid and you see dozens of them flash by, even if you aren’t really paying attention. I’ll be doing an article on this market soon.
- May 27, 2013 at 12:07 pm #117077
Buying a whole village is like buying an Island. It comes with big issues and in most cases very expensive ones. Instead of using a boat. One needs to use a road. This road has to be built & maintained. Theft will be a very big issue.
- May 27, 2013 at 12:18 pm #117078
Why? If the houses could be renovated and other Brits could buy into the village then it would be great I think. All paying a community fee would help with the maintenance wouldn’t it?
I’m not in the mindset of retirement as i’m in my mid 30’s but if I was older i’d love to live in a sort of commune of similar minded people in the sun. They could hire a care of the older person carer to live in one of the properties and live quite happily I guess.
- May 27, 2013 at 1:33 pm #117083
@itsme. Romantic illusion, I am afraid.
I think the said village is in the north West of Spain. Not exactly sun drenched which is a pity because Asturias, Cantabria, pias Basque have lovely beaches, villages & mountains.
As per your thoughts there should not be issue when it comes to paying service charges/gastos de commundad. Most developments struggle to collect from owners in addition who is going to establish the do & dont’s of the village e.g what to build & what not to build, Can one place a Dish/Antena. How are the rules to be enforced.
While, I love the romantic illusion if commune living. Most people in such kind of life style are free spirited & will not accept most of the do’s & don’ts
- May 27, 2013 at 3:19 pm #117085
This was on Spanish TV recently – I’ll try to dig it out
- May 27, 2013 at 3:31 pm #117086
Here you go:
He appears quite early on in the programme
- June 6, 2013 at 7:27 pm #117318
I’d buy one if I find one
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