The castle in the photo needs restoration, which is hugely expensive compared to restoring a house.
I don’t know about Romania, but in other European countries historic buildings are required to be maintained by the owner and it is restricted what they can do.
In Spain if the castle/palace is considered as a good of cultural interest, the restrictions are even higher. You cannot do activities that can damage it, like converting it into an hotel or restaurant. Also required to allow the public to visit it for free, at least four days each month.
There is a funny YouTuber with a series that compares Canadian (Vancouver?) real estate to literal European castles.
Yes, the comparison is not exactly “fair” because of upkeep and castles won’t appreciate in value, but it does highlight how big a problem owning property has become.
Sorry to burst some peoples dreams.
The castle in the photo needs restoration, which is hugely expensive compared to restoring a house.
I don’t know about Romania, but in other European countries historic buildings are required to be maintained by the owner and it is restricted what they can do.
In Spain if the castle/palace is considered as a good of cultural interest, the restrictions are even higher. You cannot do activities that can damage it, like converting it into an hotel or restaurant. Also required to allow the public to visit it for free, at least four days each month.
There is a funny YouTuber with a series that compares Canadian (Vancouver?) real estate to literal European castles.
Yes, the comparison is not exactly “fair” because of upkeep and castles won’t appreciate in value, but it does highlight how big a problem owning property has become.