Property News | Top five villages in need of an owner
Fri, Mar 09, 2012
Author: Ivan Radford
The French village Courbefy caused a stir recently when
it was put up for sale. All of it. For £275,000. It's a mark
of the impact of the global financial crisis that a piece of real estate
containing 19 buildings and a swimming pool could sell for such a low amount,
but it's not just in France that buyers can own an entire village. Since Courbefy, they have been popping up all over the globe looking for
So if buying a house is not enough for your wallet, here are the top five villages currently for sale around the
The village that started
it all, France's disused collection of buildings was once home to 200
people but has lain empty for years. Now, after aborted plans to turn it into a
holiday resort, the village is searching for investors to take on the task of
renovating the properties. In fact, the bank that possesses Courbefy is even
willing to accept offers under the £275,000 asking price, making the entire village far cheaper than your average French home.
This five-acre village hit the market just days after Courdefy's
attention-grabbing offer. Located near Yellowstone National Park, the US
community was bought by its current owner, Barbara Walker, in 1953. She has since been the town's mayor, law enforcer, owner and investor. She is now hunting for a someone else to take on her many jobs. The village is more expensive than the $800,000 recently
paid for a town in South Dakota, but Montana's village features one house,
a post office, a shop and a small trailer park. The latter, The
Daily reports, fetches a tidy $200 each month.
It's not just America and Spain with villages to offer:
Italy boasts this medieval town just outside of Florence with a price tag to
match its age. With 30 stone buildings and a fresh water spring covering a total of
120,000 square feet, the land is presented as a place fit for
a hotel developer - although investors will be kicking themselves to
have missed out on the Valle
Piola village last year, also in need of renovation, which sold for
just €555,000. An investor could pick up several Courbefy's for either sum.
Fans of cricket, tidy lawns and English tea will be more
attracted to the thought of owning this pricey village in Yorkshire. The hamlet
of Askham Richard was put up for sale by its landlord in November,
leaving its residents uncertain of their future. The estate must be sold in its entirety and includes 14 houses,
54 acres of woodland and three farms. It
is still looking for a new owner.
This 200 year old estate used to be a mountain farm but
after being abandoned for 40 years, it is now waiting for someone to transform its
ancient stone buildings into a modern luxury destination. 800 metres from the Adriatic
coastline, the ruins have been partially converted into a collection of eight
houses, with bay and mountain views plus a sauna and swimming pool. There are
two entry roads to the estate - an improvement upon the original property,
which was only accessible via donkey.
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