Monday, September 05, 2005

Swiss Castles Crumbling

According to a report by Immobilien Magazine, there are about 12 Swiss Castles in need of some new owners, specifically with deep pockets. Of the 1500 castles in Switzerland, about half of them are in private hands. The others, such as the castle of Schloss Leuk in the Valais (shown below) is owned by the city in that area.

The most expensive is the Tarasp Castle in canton Graub√ľnden, which is currently up for sale for SFr30 million.

Upkeep of such castles costs hundreds of thousands of dollars each year. Some are turned into hotels or museums. I guess you are in a sticky situation if you change anything. It's a hard thing to manage for sure, but then again when you can afford such a price tag, it shouldn't matter.

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