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You Can Buy a Czech Castle for $13,000 World News

You Can Buy a Czech Castle for $13,000

The Libejovice chateau looks like something out of a 19th century romantic novel: an elegant, mustard-hued Renaissance palace with tall windows and elaborate balcony railings bearing the noble Schwarzenberg family's coat of arms. Natalia Makovik will sell it to you for less than the price of some Manhattan studio apartments. The catch: Restoring the place, a two-hour drive south of Prague, could cost 10 times the purchase price. “I look at a ruin, and I see an investment opportunity," says Makovik, founder ofVIP Castle, a real estate brokerage specializing in historic buildings. February 3 2016, 17:15 3 636 просмотрs