Galician Government To Restore Period Properties
November 19th, 2007
Regional government plans to spend 30 million Euros between now and 2010 on restoring historic town centres. Anyone lookinb to buy a property in Spain to renovate may be interested to find out how many affordable, run-down buildings there are in the country’s north-west.
Now Galicia’s junta (or xunta, as it’s spelled locally) is splitting a large amount of cash between the region’s four provinces to pay for the restoration and refurbishment of 1,100 properties. For example, in Lugo’s Sagrado Corazón district, 250 properties will be restored at a cost of 5,400,000 Euros. Other funds will go toward improving housing stock in other parts of Galicia, and towards restoring buildings in historic town centres. As well as boosting local building trades, the regional government is keen to see more use made of existing properties rather than release green land for building.
It’s still possible to buy a property for restoration in Galicia for under 30,000 Euros. Note that many areas have strict regulations on what you can do with a restoration property, so don’t buy blindly assuming you’ll be allowed to extend a property, enlarge windows and so on. Check what the municipality’s rules are before putting down any money.
Full story from homesworldwide.co.uk
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