Why is a £5million villa in a remote village in Portugal being sold?

July 25, 2021 0 Comments

A villa that was once home to up to 500 people in the town of Gondel in the northeast of Portugal is being sold for around £5 million.

The estate, which was built in the 1800s, has been a source of income for the local community since the early 1900s.

But it’s no longer being used to live comfortably.

Now it’s being rented out to the wealthy.

It is now being sold by an anonymous buyer for around $9,000 per square metre (sqm), according to the Local Portuguese.

The villa was originally a single-family home and was owned by the Gondels family, who owned a large number of properties in the region.

But the Gonds have since moved the villa to the north-east of the country.

The buyer, who did not want to be named, told local media that the villare had been vacant for more than 40 years.

The sale was made on Tuesday at a villa auction in Lisbon.

The listing price is €8.6 million.

Local media reported that the buyer had bought the villamates property at a cost of €6.5 million, which would have made it the largest property sale in Portugal.

The auction was held at a time when the country is struggling with a housing crisis, with many of the most expensive apartments in the country being vacant.


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