In the past, I've mentioned to my children that, because of declining birth rates, they likely will be able to retire to a villa in Greece or Italy because the land will be so cheap. It's actually happening faster than I thought. The Daily Mail has a story which notes that:
-- Spanish hamlets for sale at less than the price of a London garage
-- Entire Spanish villages on sale for as little as £50,000 - £200,000 less than the average UK home
-- Buyers get a three-bedroom main house, five other buildings, a fresh-water spring, and 140,000 sq ft of farmland
-- One village with six houses and 32,000 sq ft of land costs £75,000, the same as a Battersea parking space
-- According to an estate agent there are around 2,900 deserted villages in rural Spain
-- Clusters of houses were left abandoned after families fled the countryside during Spain's recession
Thanks for such superb info; this in actual fact comes in handy.
ReplyDeleteDinero Casa