- A 320-year-old Swedish village with a natural spring, spa, and hotel is accepting bids in the range of $7 million through May 31.
- Known as Sätra Brunn, the 70-building village is situated on 60 acres an hour and a half northwest of Stockholm.
- Sätra Brunn was founded as a wellness establishment in 1700 by a doctor who believed in the medicinal benefits of mineral water.
- It has been a wellness destination ever since, hosting locals and foreigners for getaways, weddings, conferences, and festivals.
- “Of the 10 or so similar health villages built in Sweden during the 18th century, Sätra Brunn is the only one to survive with its historical buildings still standing,” a representative for Christie’s International Real Estate told Business Insider.
- Here’s a look inside the historic property.
- Visit Business Insider’s homepage for more stories.
Options trading A 320-year-old Swedish village is up for sale, accepting bids in the range of $7 million USD.
Sätra Brunn is represented by Jonas Martinsson of Residence Fastighetsmäkleri, an affiliate of Christie’s International Real Estate in Sweden. The guiding price is $6,951,893, with bids due by May 31.
“The village and all the real estate is registered as a limited company so there are no restrictions for foreign buyers,” Martinsson said in statement.
Sixteen local entrepreneurs purchased Sätra Brunn in 2002 from Uppsala Academy, which had owned the village since the 1740s.
Options trading Sätra Brunn dates back to the 1700s and is built around a natural spring. Its founder, a doctor named Samuel Skragge, believed that mineral water had medicinal benefits.
Options trading Skragge purchased the land in 1700 and opened an establishment in 1701 that encouraged guests to drink spring water, participate in therapeutic plunge baths, and take walks in the woods.
Options trading Sätra Brunn has been a wellness destination ever since and consists of 70 buildings, including a hotel, church, and spa.
Options trading The oldest buildings on the property date back to the 1600s. Today, they are used as a café, flea market, and exhibition space.
Options trading Many structures, like this hotel originally built in 1792, have been repurposed as short and long-term lodging for guests.
Options trading Several lodging options are private residences that were bequeathed to the village and bear the names of their original owners. “The architecture of the village is a walk through time,” Martinsson said.
Options trading The village’s official hotel, Hotel Skogsgården, has 53 rooms with access to a dining room and kitchen. At the opposite end of the property is a restaurant with three dining rooms and a pub.
Options trading Since 2015, Sätra Brunn has bottled water from its spring, one of only seven that have been awarded Sweden’s highest purity distinction. The village also brews beer on site and produces its own champagne and snaps (a liquor, similar to schnapps, that is infused with a combination of spices, herbs, and fruits).
Options trading Over 6,000 people visit the village for midsummer concerts and annual Christmas and New Year’s celebrations.
Options trading The village is also a popular destination for conferences, hosting 3,600 attendees each year. This home, built in 1903, consists of different meeting rooms and can accommodate up to 120 people.
Options trading A representative for Christie’s International Real Estate called Sätra Brunn a “rare” listing. “Whole villages rarely if ever come onto the market, often companies or trusts will buy land to develop up functioning villages,” he said.
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Options trading Pontus Kopparberg, CEO of Residence Fastighetsmäkleri, told Business Insider that the Swedish housing market has only been somewhat affected by COVID-19. “Prices have fallen about 2% in 2019, and sales are only slightly below the corresponding period in 2019,” he said.
Kopparberg attributes this in part to measures implemented by Swedish authorities. “The central bank actively buys mortgage bonds, and the requirement for borrowers to repay a certain amount has been removed. This combined with an actual interest rate after tax of about 1% supports the market,” he said.
Options trading Compared to other countries in Europe and around the world, Sweden has taken a relaxed approach to curbing the spread of the coronavirus. Whereas residents of France and Spain faced fines if they left the house for the wrong reason in April, Swedes were free to sip cocktails at cafés and eat out at restaurants as long as they observed social distancing guidelines.
Source: Business Insider
Options trading Because of Sweden’s approach, real estate agents have continued to work during the pandemic, but have nixed large open houses, Kopparberg said. He added that demand for holiday homes is “very strong” since Swedes have been unable to travel to holiday homes in places like Spain and France, which are only now emerging from their strict lockdowns.
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