Housing prices continue to rise steadily in Portugal. According to recent data from Pordata, we are the second country in the European Union (EU) where houses have become more expensive since 2020 (24.1%), behind only Greece. The result? A surreal scenario where buying an entire village can cost less than an apartment in the center of Porto.
One of the most talked-about cases was that of the historic village of Póvoa do Dão. Located a few minutes from Viseu, it was sold at auction for €2.3 million to an investor from Lisbon. However, Póvoa do Dão is a ‘luxury exception’, as there are even more ‘low-cost’ options on the other side of the border.
Ghost village that dropped in price
It is called Candelago and is located near the mythical Costa da Morte, in the municipality of Ponteceso, in the province of A Coruña, a short drive from the city of Porto. According to the Idealista portal, this rural village has been looking for a new owner for some time and, to attract interested parties, the price has recently dropped from €200,000 to €150,000.
What is Candelago like?
The village is described on Idealista as the perfect retreat for those seeking tranquility, unspoiled nature, and proximity to the sea. Abandoned a few years ago, the rural village of Candelago has about a dozen houses, most of which are built mainly of granite.
But while the exterior walls still show some solidity, the interior is a different story, requiring extensive renovation to transform the site into a functional and habitable space. In this sense, in addition to the purchase price , potential buyers must assess the costs of restoration.
“Incredible sea views”
According to Idealista, the rural center is still equipped with granaries and paths now covered by vegetation after decades of neglect. But the potential is great for those looking fora change of lifestyle and “incredible sea views.”
In addition, the village of Candelago is described as being close to the Caminho dos Faros – a walking route that runs along the Galician coast – as well as to areas where some of the best barnacles in the world are harvested. Therefore, it could be a magnet for those who want to invest in rural tourism, or simply live in absolute peace.
And you, if you could, would you trade city life for a rural retreat by the sea?
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