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Edinburgh Live
Edinburgh Live
National
Iona Young

Two bedroom Edinburgh flat costs the same as an entire Spanish village

An entire Spanish village has gone up for sale for £227,000 which you could buy for the price of a standard two-bedroom flat in Edinburgh.

In the capital, £227,000 would get you a two-bedroom flat in a contemporary Leith development or a compact two-bedroom flat on Blackfriars Street but neither compares to owning your own village consisting of 44 apartments, a police station and even a church.

READ MORE - Edinburgh restaurant apologises to family of diners who had to sit in their coats

Salto de Castro has been abandoned for over three decades so anyone looking to take it on would have to have the investment funds available - and be able to put up with Spanish heat which would be a huge change from the blustering Scottish cold.

The village is in the mountainous, north-west with stunning views of the Douro river, which sits on the Portuguese border.

Located in the province of Zamora, the town boasts classic Spanish architecture and is a three-hour drive from the capital of Madrid.

According to the official listing on the Spanish property site Idealista, the 66000-metre squared purchase offers 44 apartments and houses, a bar, a church, a school, a police barracks, a swimming pool and a sports area.

It is currently owned by a family who bought it from a Spanish Utility company back in 2000 with the aim of transforming it into a tourist hotspot. But the financial crisis that soon followed would stop this dream from becoming reality.

Now, the seller who is in his 80s wants to pass it on as he now describes himself as an "urbanite" and can't maintain the upkeep. A study conducted by the owners found that a €2 million investment is needed to make the village operative for tourists.

After just one week, 300 people have already expressed interest in purchasing, with enquiries as far from Russia, France and the UK.

Salto de Castro is just one of 3,000 Spanish towns which has been abandoned in recent decades, as previous inhabitants would leave for one reason or another - usually for work.

Back in the 1950s, it was built to accommodate the families of the workers hired to build the reservoir. But after it was completed, the jobs dried up and has been empty for over three decades.

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However, one Spanish town's story of how it became empty is quite different as it happened by accident. The village of Granadilla in central Spain was mistakenly evacuated in 1964 but still stands strong today.

While officials warned that the town would succumb to flooding, this never happened but residents were never allowed to return to their homes.

You can find out more about the opportunity here.

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