Buy a village in Spain for less than a Hamilton home

After decades of dramatic change and economic crisis, entire villages in Spain have been found up for sale.

Just north of Madrid, many villages are abandoned, and left for dead.

Often, the only people left in these villages are the elderly, and even they are now moving out to be closer to health care.
With the recent economic crisis, and the promise of work in the northern EU countries, workers have fled to secure stability in major cities, and neighbouring countries.

Once supporting much of Spain’s highest population density, a quarter of these villages are now deserted.

These empty villages are hoping to be sold to foreign investment. British holidaymakers and yoga retreat centres have shown interest, but now even North Americans are snapping up these little slices of paradise.

For example, one village up for sale has 100 acres of land, 6 houses, 2 barns and a large cattle barn. Only 6 miles away lie white sand beaches, and some of Spain’s best surfing. Peach, pear, apple, walnut, and fig trees litter the greenspace and the village has it’s own bakery.

The asking price, for the whole village? $230,000.

Other villages that are being given away, for free. All the new owner must do is promise to renovate and bring the houses and village back to life.
This is the first time in 500 years that these villages have gone uninhabited. Local residents are heartbroken as they have good memories of better times, but they are looking forward to foreign investors restoring the beauty.

Don’t want to commit to owning and operating a whole village? ??Some single homes are being sole for as little as $5,000.

With the purchase of these attractively inexpensive homes, everybody wins. Foreigners acquire stunning holiday homes for an amazing price, the locals have their old, historic villages returned to their former glory and Spain receives much needed tourist dollars entering into their economy.

Our team of real estate sales professionals is committed to finding you, your dream home. Whether you’re looking to buy or sell, the Karen Paul team is here to help with any questions.

Karen Paul & Associates | Real Estate
905-333-6234 | karenpaul.com | info@karenpaul.com
Burlington • Oakville • Hamilton • Milton • Niagara