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Castles for Sale in Europe
Tess Chedsey
Owning a castle where you and your family can live can be a reality. Buying a castle for investment purposes can also be a reality. This article will concern itself solely with European castles that are currently on the market.
In order to purchase a castle anywhere in Europe whether for an investment or a residence you must give the seller all cash plus a 3.5% property purchase tax; add a notary fee and the broker's commission. If this is too much of a burden for you, consider doing the deal with a partner.
The price of the castle will depend on its use. If it becomes a business and jobs are created, the price can be quite reasonable. The price is also based on renovations and repairs required to make it a viable business or residence.
Castles for sale on the English market list one in an English spa town for USD 846,000. This castle of 40,000 square feet was once one of the most lavish in all Europe. It was built in the 16th century and underwent renovation in 1870. It will need extensive renovation inside and out to put it back in liveable condition. This would be a fantastic buy for an experienced renovator of historic places.
Another one of Europe's castles for sale is near Dresden and was once the summer residence of wealthy merchants. This too needs some renovation but the asking price of a mere USD 426,510 puts it well within the range of the person determined to buy 11,000 square feet of castle built on two acres of land.
These are just two examples of castles for sale in Europe. There are many more to choose from in many more regions at a variety of price and condition.
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