Salto de Castro: Spanish village on sale for €260,000

Consider purchasing a full village if you want to downsize and move to the country.

The asking price for Salto de Castro, located in northwest Spain, is €260,000 (£227,000; $259,000).

Salto de Castro, which is three hours’ drive from Madrid and situated in the province of Zamora on the Portuguese border, has many of the structures you would anticipate seeing in a small Spanish town.

They include 44 homes, a hotel, a church, a school, a municipal swimming pool and even a barracks building that used to house the civil guard.

However, occupants are something that it lacks. For more than 30 years, Salto de Castro has been vacant.

Beginning in the year 2000, the owner purchased the village with the goal of turning it into a popular tourist destination. The eurozone crisis, however, made it difficult for the strategy to succeed.

According to Ronnie Rodriguez of Royal Invest, the firm that represents the owner, “The owner had the ambition of having a hotel here, but it was all put on hold.” “He still wants the project to succeed.”

The owner, who is in his 80s, writes on the Idealista website where the property is marketed, “I am selling since I am an urban-dweller and cannot sustain the upkeep” of the hamlet.

Since it was listed a week ago at this price, it has received more than 50,000 hits, indicating that there is interest.

According to Mr. Rodriguez, 300 people have showed interest in purchasing, with queries coming from the UK, France, Belgium, and Russia. He said that a deposit has already been made to reserve it by one interested buyer.

Beginning in the early 1950s, the electricity producing company Iberduero constructed Salto de Castro to accommodate the families of the workers who constructed the nearby reservoir.

However, after it was finished, the residents left, and by the late 1980s, the community had been completely abandoned.

Its vicinity is a part of “emptied Spain,” which refers to sparsely inhabited rural areas without many of the amenities available in towns.

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