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Spanish property seekers look to new region

Galicia, a little known autonomous Spanish region in north west of the country is attracting increased attention from overseas property buyers writes Jo-ann Hodgson.

Spanish property seekers look to new region

Spanish property prices in Galicia are still much lower than the Costas or Barcelona, but are on the increase. According to Kyero.com, the average price of a two bedroom property in Barcelona is 487,500 euros (approximately £331,121); over ten times higher the average price in Lugo, which is 43,000 euros (approximately £29,207). Latest figures also show that the average property price for a four bedroom property in Lugo is just €299,500/£203,427.

As well as relatively low Spanish property prices, the region's 300 annual food fiestas are also attracting the attention of overseas property buyers. These colourful Spanish galas started on 7th January with a Rice Pudding Festival and finish at the end of December with a Rib Pie Festival.

The Spanish Galician region is extremely fertile with land suitable for growing practically anything and the sea and thousand rivers of the region are bursting with seafood and freshwater fish. The air too bears its own reward, with such delicacies as partridge, woodcock and pigeon.

One of the best places to sample the foodie delights of the region is its capital, Lugo. In the historic quarter of this Roman walled city, diners can sample such local delicacies as cocido (meat, potato and chickpea stew), filloas (Galician crêpes) and white wines that are among the most prized Spanish wines worldwide.

The province of Lugo is in the north east of the region, topped by the Cantabrian Sea (Bay of Biscay). A quarter of the region's population lives in the city of Lugo, which has a history going back over two thousand years. The city was probably founded by the Celts many hundreds of years BC and was later conquered by the Romans in 13BC. The Romans built a large wall to protect the city with a cathedral inside. The cathedral still stands as does the wall, and today Lugo is the only city in Europe to be surrounded by a completely intact Roman wall.

Close to the city of Viveiro on the north coast of Galicia a four bedroom, two bathroom ocean-view Spanish property can be bought for only 202,500 euros (approximately £136,928). The house accounts for 128m2 out of a total plot size of 750m2 and comes fully furnished.

An old stone 'palacio' (palace) eight kilometres from Lugo, is set on 15 hectares (37 acres) of land is also available for those with bigger budgets, priced at 650,000 euros (approximately £439,522.329). 400 square metres of the total floor space of 1,000 square metres consists of five antique barns which are in need of restoration. Once rebuilt, there is room for 20 bedrooms plus bathrooms. The remaining land consists of six hectares of grassland and nine hectares of forest.

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Article first published 25th April 2007