You Could Buy an Entire Village in New Zealand for Less Than Some NYC Apartments
Looking for a new home? Why not buy an entire town instead?
According to The Points Guy, the town of Lake Waitaki Village, located on New Zealand’s South Island, is up for sale for $1.8 million. And really, that’s a bargain when you consider it’s about the same cost as a multi-bedroom home in certain parts of the U.S.
The 35-acre village comes with a main lodge for the owner plus eight three-bedroom houses, a cafe, and a bar. Plus, it has some incredible views of the mountains and lakes to boot.
The town itself was built in the 1930’s, then abandoned in the 1980’s, so don’t worry, you wouldn’t be kicking anyone out of their homes. Of course, since it is a ghost town and a fairly old-fashioned village, you might have to put in some renovation work.
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According to the listing, the village is located on the “lake edge in the heart of the stunning Waitaki Valley...on a popular tourist trail, approximately seven kilometers (4.3 miles) from Kurow.” Realistically, the new owner could easily turn the property into a popular rest stop for outdoorsy travelers. It’s also located “50 minutes drive from the township of Oamaru,” according to the listing, which is the main town of the Waitaki District, meaning civilization isn’t too far away. Plus, the town of Oamaru has two penguin colonies that accept visitors, which really should be the deciding factor in buying this place.
And if all this sounds too good to be true, it’s because it technically is. According to The Points Guy, the village can’t be sold to just anyone. It turns out, earlier this year New Zealand passed a law that banned foreign housing, which prohibits non-New Zealanders from buying property in the country.
“If you’ve got the right to live in New Zealand permanently, you’ve got the right to buy here,” said Trade Minister David Parker, according to CNN. Which is to say, if you aren’t a New Zealander, you don’t have a right to buy there. “We believe it’s the birthright of New Zealanders to buy homes in New Zealand,” he said.
However, for New Zealanders living in country or abroad, this might be the chance you’ve been waiting for. Now go make all of our Lord of the Rings fantasies come true.