Who hasn't dreamt of escaping from the city, moving to the mountains and starting from scratch? Buying a house, having a garden and enough space to do whatever you want are just some of the many possibilities. And we have just the solution: why not head to Salto de Castro, a village located in north-western Spain, which is for sale in its entirety on idealista for 260,000 euros. The village includes houses, a school and even a barracks building that used to house the Spanish Civil Guard. This is Salto de Castro: the abandoned Spanish village for sale for 260,000 euros.
Why was Salto de Castro abandoned?
The village was originally built in the early 1950s by the electricity generation company Iberduero, now known as Iberdrola, a Spanish multinational electric utility company. The idea behind the village was to house the families of workers who were building the reservoir which is located next to the village. However, after the work was complete, the inhabitants gradually moved away and this Spanish village was left completely abandoned in the 1980s.
This abandoned Spanish village currently belongs to a family who bought it in the early 2000s from Iberdrola. The intention of the family was to convert Salto de Castro into a tourist spot, but their plans were cut short due to the 2008 financial crisis, and their project to convert this village into something special was put on hold.
Now, with the family having retired from the business circuit in Spain, they have made the decision to pass the baton to other entrepreneurs, hence the sale. Salto de Castro is currently for sale on idealista, with the owner stating: “I am selling because I am an urban-dweller and cannot maintain the upkeep” of the village.
The price includes a bar, church, school and more
This village, next to a reservoir and bordering Portugal, has 44 houses, 5 of which are detached. The village is also home to a bar, a church, and a school with several classrooms, as well as a guesthouse with a project approved for 14 rooms. According to the owners, a licence could also be acquired to house 184 rural tourism places.
There is also an old Civil Guard barracks, a swimming pool and sports areas. Given the reservoir just a few metres away, there is even the possibility of making use of the area by starting a tourist boat.
According to the owners, the person who buys the village will have access to subsidies from the State and the Junta de Castilla y León, the regional government. In addition, according to a previous study carried out by the owners, the investment that the village would need to be 100% operational and profitable would not exceed 2 million euros.
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