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Spanish property of the week: An entire village nestled in the Picos de Europa

An entire village with mountain views to die for offer the potential for a thriving rural holiday business

Spanish property of the week: An entire village nestled in the Picos de Europa
The village of El Mortorio offers a unique opportunity to develop a rural tourism business. Photos: Iberia North.

The property:

The entire village of El Mortorio has been lovingly restored over two decades by the current owners who have been running it as a rural escape with individual Casa Rurales that can accommodate up to 48 guests as base to explore the rich countryside of the Picos de Europa.

The property is comprised of 12 individual building spread over 32 acres (13 hectares) of fields and woodland set in a landscape that provides some of the most impressive mountain views in Spain

At the moment the village contains eight individual holiday homes of between 2 to 4 bedrooms each with a kitchen, lounge and dining areas, each modernised but keeping traditional features.

There is also an ‘horreo’ – a traditional timber structure raised off the ground on stone columns – that are found in every Asturian hamlet.

The sale also includes two buildings in need of renovation and 20 buildable plots spread over 7.5 acres with which to expand the holiday business.

WATCH the video of the property:

 

Where is it?

The village is located 10km away from Infiesto, the nearest market down with cafes, bars and restaurants, and supermarkets. And just 20km from a coastline that boasts some of the best beaches and coves in Spain.

A short drive will bring you into the heart of the Picos de Europa mountain range, with its impressive peaks and crags and valleys perfect for outdoor activities such as hiking, rock climbing, kayaking and caving.

READ ALSO: Nine good reasons to make Oviedo your next city break

The historic towns of Oviedo, Avilés and Gijón are less than an hour away and Avilés (Asturias) airport is less than an hour away (85 kilometres), while Santander airport can be reached in just over an hour (150 kilometres).

What's the price tag?

The property is being offered for €2.375 million. At first glance it appears to be hefty price tag for place in a little known part of rural northern Spain. But just look at what you are getting for your money: a private corner of paradise and an opportunity to build up a thriving rural tourism business.   

READ ALSO: 10 point guide to buying property in Northern Spain

Who would it suit?

“The owners are getting on a bit, and wish to pass it on to someone who will develop it even further, and unlock lots of untapped potential in terms of clientele,” explains Marc Furnival of Iberia North, which is offering the property.

“There’s room to attract more foreign clients, to build a restaurant and shop, maybe a small farm to have animals to show children. It’s a lovely spot, very private and tranquil, but well located and handy for mountains, coast and city.

“I think it would ideally suit someone who wants to make a change in their life, and live in a more integrated way, in a part of the world that in many ways is a privilege.

More photos: 

 


One of the properties with views across fertile fields to the mountains beyond.

The individual houses are carefully renovated keeping traditional architectural features. 

Old beams and wooden shutters lend character to this living space.


At the moment, the houses can accomodate 48 guests in total.


Some of the houses have open fireplaces.

For more information about this property and for others in this area visit Iberia North

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PROPERTY

Home insurance in Spain: How does it work and what does it cover?

Home insurance in Spain has policies which may differ from what you're used to in your home country. Here's why Spanish home insurance may surprise you in terms of what it covers, what it costs, key info and whether it's worth getting.

Home insurance in Spain: How does it work and what does it cover?

If you’re moving to Spain and purchasing a property or even renting, one of the first and most important factors to consider is purchasing home insurance.

According to the latest data available, approximately 23 percent of households in Spain are uninsured. That percentage corresponds to around 6 million homes.

But with low prices and the wide range of situations Spanish home insurance covers, there’s little reason not to get it.

Contracting home insurance is only essential in Spain when you acquire a mortgage. The current Mortgage Law requires you to take out this insurance if you are going to buy a house with a loan and is an essential requirement for banks to grant you the money.

If you’re renting in Spain, you’re not obliged to contract home insurance, but it still may be a good idea.

Your landlord may have buildings insurance, but you may still want to take out some type of insurance to protect your own belongings or the contents of the property. 

In the UK, home contents insurance covers your personal possessions against theft, fire or other damage, while buildings insurance covers the structure of your property if the tiles on your roof are broken in a storm for example, the outside is damaged by fire or a tree falls on part of your property.

In Spain, home insurance works slightly differently. Like in the UK and other countries there are different types of insurance. 

READ ALSO: Is getting rental default insurance worth it for landlords in Spain?

What types of home insurance are there in Spain?

The most basic is seguros de daños or damage insurance which is similar to buildings insurance in the UK. This will only protect the structure of your property. This would be damage caused by major events such as fires, explosions, flooding, acts of vandalism or subsidence and you should still check the smallprint to be sure of the conditions. With flooding for example, most insurers cover flooding damage caused by rainfall greater than 40 litres per square metre per hour.

The second tier is seguros multiriesgo or multi-risk insurance. This covers both your building and its contents and is one of the most comprehensive types of home insurance in Spain.

This type of insurance not only covers big incidents like fire or theft, but it also covers a whole range of minor issues, which is very different from the type of contents insurance in the UK.

Home insurance is only essential in Spain when you acquire a mortgage. Photo: Louis Hansel / Unsplash

It can cover for everything from a blocked sink to a burst pipe in the wall or a broken radiator. Sometimes it may even cover the breakdown of your white goods such as washing machine and fridge, depending on how old they are and what your specific policy says.

It’s also especially useful for flat owners as it covers against damage to your neighbours’ property if something inside your apartment is at fault.

For example, if your shower or toilet breaks and starts leaking into the flat downstairs, your insurance should cover the damage to your neighbour’s ceiling so that you won’t have to fork out a fortune for fixing someone else’s property.

Many major cities in Spain have historic quarters and some of its nicest-looking apartment buildings are some of the oldest too, so it’s particularly useful if your property is old and prone to needing fixing regularly. 

The third and highest type of home insurance coverage in Spain is all-risk home insurance, which has extended coverage that includes robbery on the street, damage to extra storage rooms outside the main property or coverage for cosmetic damage.

What you need to know

Keep in mind that when you do claim or after you have claimed a couple of times, it’s normal that the insurance company won’t want you to be their client anymore and will terminate your contract.

This shouldn’t be a problem, however, you will simply contract a new home insurance policy with a different company. It helps to go with a broker so that they can present you with different options to choose from, so you know what’s the best.

Be aware that every insurance company will have a slightly different policy so just because a certain item may have been covered on your old policy, it doesn’t mean that will be on the new one or be covered to the same amount of money.

What are some of the most popular home insurance companies in Spain?

There are many different companies that offer multi-risk insurance policies in Spain, both international and national companies. Some of the most popular are:

  • AXA Home Insurance
  • Generali
  • Zurich
  • Mapfre
  • Caser
  • El Corte Inglés 

How much does home insurance cost in Spain?

As the multi-risk policies cover so many different aspects, you would imagine that they’re very expensive. Surprisingly though, these are quite affordable at under €200 per year according to the Organisation of Consumers and Users (OCU).

The price isn’t too different from what you’d pay in the UK. Money Supermarket says that a combined home and contents insurance policy in the UK costs around £140 per year, but usually it will cover a lot less. 

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