Medieval village in Gran Sasso national park in Abruzzo for sale £485,000 / Euros 555,000 / $800,000
The small abandoned mountain village of Valle Piola consists of a church, 11 stone delapidated stone houses and 2 farmers barns. Interesting proposal for the development of a boutique village/hotel.
View more photos here at Italian Property Valle Piola.
Estimated restoration fees at 1500euros/square metre would involve a development fund of at least 2 million+.
A similar business model has been developed at Santo Stefano di Sessanio and offers unique hotel accomodation in a medieval village. Meandering in the narrow village cobbled streets, history, luxury accomodation and restaurants around every corner. I visited Santo Stefano 4 years ago when it was in the stage of development. incredabile really that a mountain village can be refurbished and turn in a tourist destination. The weather here is great in summer with sun and fresh mountain air. In winter there are ski facilities nearby.
A similar business model is also been designed by the same architect of Santo Stefano in Salemi, Sicily. Here the ruins are for sale at 1 euro and registration for a property is open at Salemi.
In Italy there are many restoration properties available. You are advised to get a qualified surveyor and fixed price construction quotes for the restoration as many restoration projects heavily run over budget.