Buying an entire town is possible and the prices are not at all exorbitant, some are even worth less than a flat. Some property developers are trying to make their way into a new sector in which there are more than 500 abandoned villages .
For example, the town of Lacasta , in the province of Zaragoza, was put up for sale two years ago for 189,000 euros. In Oteruelo de Ocón (La Rioja), eleven buildings in the urban area and 5,000 square meters of land were also offered in exchange for 176,000 euros.
It is important to know that any population center, even if it is uninhabited, is made up of private and public assets. However, there is the possibility of buying several properties in a village, even buying them all, but there will always be areas of a public nature with municipal jurisdiction that are not for sale because they belong to everyone.
A case of success was that of the prestigious chef Alain Ducasse, who acquired a small urban complex in Bidarray (France) and rebuilt all the buildings to open a hotel . Since then, the old houses have served as accommodation and the largest of them as a reception and restaurant. Obviously, these types of projects require a lot of money but can be very profitable.
Sometimes the residents of a village are the ones who start to buy some houses and end up becoming the sole owners of the village . This allows them to have more space, more land and a better quality of life in a natural environment.