Ruin for sale in Capileira, Granada

If you do not know Capileira: it is the highest village in the Poqueira Valley, in the Alpujarras region. UNESCO World Heritage zone. Sierra Nevada National Park. The kind of place that ends up on every list of Spain's most beautiful villages — because it belongs there.

The house needs a full renovation. It is 103 square metres that have sat untouched for years and need serious work from the inside out.

But the numbers work.

Estimated renovation cost: 80,000 to 120,000 euros. Rehabilitated value: 220,000 to 280,000 euros. Once restored, vacation rental potential runs between 30,000 and 45,000 euros gross per year. In a village with constant tourist demand, very limited accommodation supply, and zero possibility of new construction due to national park protection.

That is not optimism. That is the market reality in this area.

If you want a personal retreat — a place that in ten years you will wish you had bought today — this is it. If you want a pure investment, run the numbers yourself. They hold up.

Open views to the south. An irreplaceable setting. A price that is still within reach.