There are still many ancient castles in Europe waiting for their new owners
The mountain slopes of Montenegro, ski resorts of Norway, picturesque valleys of Switzerland – all are waiting for new owners of their palaces and castles! In the Czech Republic, more than half of the ancient castles have also been put up for sale recently, and this trend is not accidental.
The Czech government simply imposed not entirely favorable conditions on castle owners. Not only were the owners required to carry out annual restoration and bring the site on which the property is located into proper condition. And since the construction of many ancient palaces in the Czech Republic dates back to the 12th-13th centuries, one can only imagine how much money will be spent on the restoration of these historical items.
Czech castles were also usually surrounded by a moat, over which a drawbridge was lowered for visitors and guests of the palace. The walls surrounding the castle and the moat around it are generally in such a state that much time and money will be required to restore them. The same can be said about the plots of land on which Czech palaces are located. They are as hopelessly abandoned as the buildings themselves.
In short, most of the castles put up for sale don't really resemble fairy-tale palaces, so they cost... peanuts! Yes, that is indeed the case. A castle in the Czech Republic, albeit in terrible condition, 100 km from Prague, can be bought for $120,000-200,000. But how much will have to be invested there – only God knows.
Seeing that cheap castles are not particularly popular due to the huge amount of further monetary investments, real estate agencies around the world have themselves found a solution to this problem. Since castles are not sold as a whole, they can be sold in parts, they decided. And for a while they shifted their focus from selling popular trips to cheap countries, which are tours to the Dominican Republic, Goa, Thailand, Egypt, Turkey and Thailand. Realtors began to buy castles on their own, invest money in them, restore them at their own expense and sell them in parts to anyone who wants.
In Europe, such a form of ownership as shared ownership of castles is already very common. That is, anyone can buy one or more apartments of the castle for lifelong use and become the owner of a part of it. While he does not live in them, his apartments are rented out as hotel rooms.