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| Drastically reduced from €2.3mm to €1.9mm |
SPAIN – You
can buy your own castle, or even a fortress, if you have a spare €600,000 to
€10million. No doubt as one of the results of the crisis but also because it
costs a great deal of money to maintain one, castles are – while not exactly
two-a-penny – for sale all over Spain. This country does not have the
equivalent of a National Trust, as in the UK, so owners and heirs find it
difficult if not impossible to keep them up. Interest has arisen in the last
couple of years, mainly from international investors. While most have been in
private ownership, several are held by companies and some, a small minority, by
the State.
