You Can Buy a Whole Spanish Village for $230K

You Can Buy a Whole Spanish Village for $230K

Nancy Mitchell
Sep 1, 2015
This village isn't for sale. But ones like it are - and they're going cheap.
(Image credit: Holbox/Shutterstock)

Attention real estate investors: you could buy a parking spot in Manhattan for 450K, or, for a mere 230, you could buy an entire village in Spain. That's right: a whole village.

The parking spot, at a luxury condo in TriBeCa, features parking for one car. That's it. The village of O Penso, near the northern coast of Spain, features 100 acres of land, six houses, and three barns. The largest of the houses has hardwood floors, five bedrooms, and an orchard with peaches, figs, walnuts, apples and pears.

The difficulty, of course, is the location. The village hasn't been inhabited for 10 years, since the last resident died. People have been trickling out of villages like these for years, heading for bigger cities with more economic opportunities. Smaller villages, with less fertile land than O Penso, go for only tens of thousands of dollars. And in Cortegada, a rural town in southern Galicia, the mayor is offering to give away a little hamlet that's a part of his town — completely for free — to anyone who will agree to renovate its 12 houses.

It might not exactly be convenient — but for someone with a flexible work schedule, and a lot of friends, who loves remodeling, this could be just the thing. Any takers?

Read the full story about the Spanish villages for sale on NPR.

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