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However, we also found out that real estate prices in Sambuca are almost at rock bottom, due to young people having had to move away to find work. But in recent years, tourism has started gaining a bit of traction, so the town is not completely dead. The town itself is absolutely gorgeous, with buildings made from the beige stone that was carved out of the hill that Sambuca is situated on. It is located right next to a nature reserve with pretty mountains (which actually go up quite high), and about half an hour car drive (28km) away from the beach. | However, we also found out that real estate prices in Sambuca are almost at rock bottom, due to young people having had to move away to find work. But in recent years, tourism has started gaining a bit of traction, so the town is not completely dead. The town itself is absolutely gorgeous, with buildings made from the beige stone that was carved out of the hill that Sambuca is situated on. It is located right next to a nature reserve with pretty mountains (which actually go up quite high), and about half an hour car drive (28km) away from the beach. | ||
We investigated all properties that might be available | We investigated all properties that might be available and large enough for our plans, and ended up with 2 options that are both ready to move in and start renovating (bathrooms fitted, electricity working, everything up to code). Asking price is 65K EUR and 43K EUR respectively, with some room for haggling. | ||
The current status is that we are actually close to taking one of the buildings off the market, and are actively looking into all the steps and information required to proceed with a purchase. We have a few spots left for people to join the house as initial co-owners, but we also have enough commitment from our existing group to proceed without delay. | The current status is that we are actually close to taking one of the buildings off the market, and are actively looking into all the steps and information required to proceed with a purchase. We have a few spots left for people to join the house as initial co-owners, but we also have enough commitment from our existing group to proceed without delay. | ||