Spanish Village For Sale €260,000 – Salto de Castro

Spanish Village For Sale - Salto de Castro

For those dreaming of selling and moving to the countryside, how about buying an entire village as Salto de Castro in northwest Spain is up for sale?

Salto de Castro (Spanish village for sale) is located in the province of Zamora on the border with Portugal, a 3-hour drive from Madrid, and has many of the buildings you'll find in a Spanish town.

These include 44 apartments, a hotel, a church, a school, a municipal swimming pool, and even a barracks building that was once used by the National Guard.

But what it doesn't have are residents. Salto de Castro has been abandoned for more than three decades.

The owners bought the village in the early 2000s with the intention of turning it into a tourist attraction. However, the euro zone crisis prevented the implementation of the plan.

Listing the property on the Idealista website, it has generated interest and has racked up more than 50,000 visits since it went on sale.

300 people expressed interest in buying, with inquiries from Russia, France, Belgium and the UK. A potential buyer had already saved up to keep it.

Salto de Castro was built by the Iberduero Power Generation Company in the early 1950s to house the families of workers who built the reservoir next door.

But residents moved away when it was completed, and the village was completely abandoned in the late 1980s.

The surrounding area is part of so-called "empty Spain" - sparsely populated rural areas that lack many of the services found in towns.

Salto de Castro has been sold for a whopping 6.5 million euros. However, with no buyers, many buildings were destroyed and prices fell sharply.

The asking price of 260,000 euros is only enough for a one-bedroom apartment in a wealthy area of ​​Madrid or Barcelona.

But the ultimate buyer of Salto de Castro can dig deeper, at least to attract tourists.

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