Back in the seventies and eighties it was easy to find an old Spanish house going for a song that could easily be converted and restored back to its former glory, or whatever your imagination could come up with.
Today it’s not so easy even though property prices have come down over the last five or six years, as it’s all been done before and there is a scarcity of run down properties at attractive prices, as most of them have already been discovered, and converted. It is true to say that at least inland this may not be the case as traditionally these properties were always available and probably still are. But nearer the coast, with an abundance of foreign buyers and higher demand, they have become more difficult to find and because of their proximity to these more popular areas, their prices are higher.
It has therefore come as a very pleasant surprise since opening our new office in Frigiliana just a few weeks ago that these rare finds are still available.
Having witnessed many conversions over the years, many of which have been carried out with great imagination, clever use of authentic local materials and much attention to detail that in many cases they end up far superior than the original version. Many such examples come to mind in both Nerja and Frigiliana, some have been converted to beautiful, authentic homes whilst others to restaurants or even boutique hotels.
One of the problems when trying to acquire an old, run down house which when you look at it makes you think it’s almost unsalable, is the price. Naturally, most of the original stock belongs to the locals who have much experience eying up a potential foreign purchaser assuming that the price is not a problem. Add to this, the “potential” of the property as seen by the owner, such as a one storey house than can actually be converted to three because local planning will allow, and you now find yourself in a position of being sold something that does not quite exist yet as the second and third floors aren’t even there yet. This is how the Spaniards sell what we might describe as a ruin. But to a point, they would be right. If you can legally add more volume then this potential must be paid for.
In recent weeks we have acquired for sale some interesting possibilities. The first one is not for refurbishment because it’s already been done and provides an excellent example of what was a run down old village house that as been carefully rebuilt maintaining local charm and character:
Here is a perfect example of a house that needs some TLC and a certain amount of investment, but the potential is definitely there. Some modernisation has already taken place in the form of a new but typical village kitchen:
Here is another which requires more imagination than the one above. It also has a modern touch in the form of a new bathroom. The rest would be up to you:
But the “gem” so far is the next one, a large, very well located house in the centre of the village with good access, 200m2 of “potential”, 3 outdoor terraces and…. an original olive press! This property could be turned into a wonderful Spanish home oozing with character, a restaurant or even a small guest hotel or B&B:
We also have others in the pipeline that we will be adding to our listings very soon and we are sure that there will be more to come.
So if you have dreamt of that lovely, cosy charming village house in southern Spain, they are still out there!