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Interest in abandoned villages is growing rapidly.
The inventory is massive: Spain alone has around 3,000 abandoned villages, mostly concentrated up north. There are literally thousands of these historic hamlets across Europe, and that number is expected to grow.
Where to find them: You can work with specialized brokers like Tim Neguru or Aldeas Abandonadas in Spain, or tap into local off-market networks to find estates with real upside.
The government wants you there: Because rural depopulation is a massive issue, countries like Italy and Spain are heavily incentivizing these projects. Between EU rural development funds, local grants, and tax breaks, there is a lot of capital available to subsidize redevelopment.
It’s a very specific niche, but a very interesting one.
Transcript
Good you buy an abandoned village in Europe? With the younger generations moving to the cities, 90% of Spain's population now lives in only 30% of the country. And this causes villages to collapse. So now people are starting to buy them and turn them into hotels. Take Salta De Castro, which was bought by an American entrepreneur in entrepreneur tier 2022. Tier was built in worse for the dam workers bad abandoned by 1989. It was bought for $310,000 including 44 homes, a church, and a school. And now it'll become a hotel. Or what about the Hotel Sextancio in Matera? It consists out of 18 different homes scattered across a beautiful village, creating a rank hospitality concept unlike anything else. Italy even created a specific operational model for this type of hotels called an Better Diffuso, to make this kind of hospitality business as possible. And the great thing is, you don't need to front up all the money at once. The owners of the hotel concept, Nuvanta nineteen, crowdfunded their hotels using a unique makers club. Supporters paid a 10 ks loan, which they got back in unique stays. And Italy has already allocated €420,000,000 for the redevelopment of these historic villages. So how much do these villages actually cost? In the North Of Spain, this complex consists out of 15 buildings and 44 hectares of rank. And it's for silver €380,000. Or check out this thousand year old village consisting out of 12 hectares of land and a total of 10 buildings. It's located only forty minutes away from Florence and costs tier need €1,500,000. So should you be buying a €1 house or an abandoned village?
