66.7 billion European old castles were bought, rich in China’s luxurious quarantine life

The number of Chinese people buying old European castles is increasing. Goseong is attracting attention as a’housing’ that allows a comfortable life while keeping distance from the outside in a situation where Corona 19 is prolonged.

The Hong Kong South China Morning Post (SCMP) recently reported that surnames in Italy, France, and Scotland are gaining popularity among Chinese people, such as China and Taiwan, and that “investment will become more active in the future due to the influence of Corona 19.”

SCMP said, “The old Italian castle with a tower and a moat is popular among the rich Taiwanese as a kind of’tropical asset’,” he said. “They want a gymnasium, swimming pool, and movie viewing facilities inside the traditional castle.”

Rodovico Pignati Morano of Italy’s Sotheby’s said, “There are more and more people choosing European castles as a space where isolation is possible and privacy is guaranteed.”

Castles with vineyards where wine can be made are even more popular. It is said that Chinese people usually buy castles and live with farms around them. It is to make their own wine or olive oil with the crops from this.

The prices of ancient castles in Europe vary widely depending on the location, area, and condition of buildings.

Italy’s old castle ranges from 7 million euros (9.4 billion won) to 20 million euros (27 billion won). In France, there is a castle of 700,000 euros (940 million won), but the expensive buildings cost 50 million euros (67.6 billion won).

In France, many investors buy old castles and convert them into hotels. This is the influence of the French government’s tax reduction or exemption on the amount used for the restoration and repair of the castle to preserve the architectural heritage.

In Scotland, foreign demand for castles and the like increased fourfold last year. Here, old surnames trade between £225,000 and £8 million (12.6 billion won).

If a Scottish castle is purchased, the cost of repairing the castle is £1 million (1.5 billion won), and the annual maintenance cost is at least £50,000 (7900 million won), SCMP said.

Reporter Seo Yujin, Researcher Jang Minsoon [email protected]