The picturesque but abandoned village in northwestern Spain of Salto de Castro is back up for auction. Last year it was already purchased by a Spanish businessman for $275,000, which is cheaper than the average cost of an apartment in Barcelona. Now the Spain whole village for sale twice as the previous price — at a price of 580,000 euros.

Contents:

  1. History of the village 
  2. What is this Spanish village now?

History of the village 

Salto de Castro, entire village for sale in Spain, was built in the 1940s by the electricity company Iberdrola as housing for workers building a nearby dam. But by the 1980s, people were leaving in droves to find work in big cities. Since 1989, the village has been completely abandoned. 

In 2000, the village was sold to an investor with the aim of turning it into a tourist destination, but the plans did not come to fruition — the global financial crisis of 2008 stopped the project, and in 2022 the village was back on the market. It was purchased by a Spanish businessman for 275,000 euros, but something didn't work out again.

village of Salto de Castro
a village in Spain for sale
 

What is this Spanish village now?

The village of Salto de Castro is an abandoned settlement that consists of 44 houses, one hostel, a bar, a swimming pool and a sports area. Plus, if desired, a church, pharmacy, and police station can be located here.

The village is located in the stunning natural environment of the Meseta Ibérica UNESCO Biosphere Reserve, home to protected species such as the Bonelli's eagle and the Iberian wolf. Situated close to the Portuguese border, Salto de Castro also offers magnificent views of the Duoro River.

This place has great potential for the development of ecological, cultural and gastronomic tourism. By buying this village in Spain, the new owners can create a base for hiking, cycling routes, workshops in traditional cuisine and crafts.

Not for one euro, but still very cheap. In Spain, a village consisting of three houses is on sale 

It is worth noting that a future investor should also consider the costs of restoring the village. When the property was sold last year, real estate agents estimated that restoration work to make it an attractive tourist destination would cost around €2.1 million.

Interested buyers should hurry as there are already potential buyers and the price could exceed €600,000 if bidding arises.