Europe's Luxury Home Bubble: People Are Dying To Own Dracula's Castle

Tyler Durden's picture

With 560,000 visitors a year, Dracula's Castle may not be the ideal seclusion spot for the uber-wealthy European real estate magnate, but, as the realtor notes "n the right hands it has the potential to generate far more revenue than we could ever imagine," - we suspect followed by an echoing 'mwuahahahahaha'. Construction on Bran Castle (for it's not actually Vlad The Impaler's residence of old but he was imprisoned there briefly) began in 1377 and as HuffPo notes, the 57-room manor on 22 acres has been on the market several times in recent years, with investors at one point hoping to get $135 million. As the firm running the castle noted, “If someone comes in with a reasonable offer, we will seriously entertain the idea." We suspect people will be dying to buy this and with rates so low, it won't bleed you dry either...

 

But it doesn't look so scary...

 

Actually more bond villain than blood-sucker...

 

Not so sunny courtyard...

 

Inside is a little more spooky

 

Wardrobes are full...

 

And a spacious living room...

 

The property comes with a long list of previous owners: everyone from Saxons to Hungarians to Teutonic knights. And although the facilities may not be exactly state-of-the-art (the plumbing is reported to require some work), there's no questioning the detachedness of the property. It stands on top of a hill, and is most definitely not overlooked by neighbours.

...

And yes, we all know that the bloodsucking vampire Count Dracula was a purely fictional character, invented by the British writer Bram Stoker, and made famous in films starring sharp-fanged Christopher Lee. But the fearsome real-life Vlad "The Impaler" Tepes famously operated in this area in the 15th century. Indeed, he is said to have been imprisoned in Bran Castle for a couple of months. On top of which, Transylvanian legend and folklore are full of characters called strigoi. These ghostly beings leave their corporeal bodies when darkness falls and roam the surrounding valleys searching for sleeping villagers to terrify.

...

There's enough land to build a small hotel, he adds. "And we're also installing a glass elevator that will lead to a tunnel in the mountain, with a light show featuring Dracula and the whole history of the place.

"That's why we'd like whoever buys the castle to continue running it as a tourist destination. This isn't just a national monument, it's the largest and most significant attraction in Romania."

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HedgeAccordingly's picture

loves it! she said 

fonzannoon's picture

I smell a 55 and older community with a strip mall nearby in it's future. Get a Panera and a Chipotle in there and you are good to go.

Tao 4 the Show's picture

"Dying to buy" takes on a whole new meaning these days. Whether it is those dying so others can buy, or those killing themselves (or others) for the materialistic dream, the expression seems coldly fitting.

ZerOhead's picture

"This isn't just a national monument, it's the largest and most significant attraction in Romania."

That's saying a lot about Romania. Probably too much.

It's also Romania's largest source of foreign currency inflows... other than overseas stripper remittances that is...

Ignatius's picture

"... other than overseas stripper remittances that is..."

Hey, she said she liked me.  She said I was different, not like the rest. 

And then, $100 later... she was gone.

Mistress Raindrop's picture

I would love to own the castle.  It would be a great place to bring my bitches.

CrazyCooter's picture

Ill just wait for the MBS offering ... no sense in actually mucking around with "real" land, "real" property, and all the "real" head aches that go with it when I can just own the paper instead!

Besides, nothing could go wrong in Romania any time soon, so I will skip the CDS which would ensure my investment is pseudo-Treasury grade AAA.

Investing is so EASY these days!

Regards,

Cooter

svayambhu108's picture

My home country, but that is not the real Dracula castle.

This is the real castle: http://en.wikipedia.org/wiki/Poenari_Castle

Anyway the place is disapoiniting...

666's picture

Christopher Lee gets top billing!? What about Bela Lugosi?

TheFourthStooge-ing's picture

"Home? I have no home. Hunted, despised, living like an animal. The jungle is my home. But I will show the world that I can be its master. I will perfect my own race of people, a race of atomic supermen, which will conquer the world."

http://www.youtube.com/watch?v=OFAUq9cqC9k

Ignatius's picture

Ed Wood, is that you?  You sound like Ed.

AustrianJim's picture

The upkeep on this place is going to bleed you dry.

nmewn's picture

I see what you did there ;-)

TheFourthStooge-ing's picture

With half a million people going through it every year, I can see how maintenance expenses would be a pain in the neck.

F-X's picture

That number of people along with the comment about the poor plumbing is scarier than the thought of vampires in the basement.

Againstthelie's picture

If we take the huge size proportionally into the equation, definately not. It's several hundred years old and still intact...

Finnish traditional wooden houses: how long do you guess, the wooden cover of the rooftop is expected to be intact?

Up to 250 years! 250 years! In that climate!

 

The interesting question is: Why do today's buildings last only a few decades and need to be totally renovated all 30-40 years?

Answer: planned obsolescence!

 

This castle will still be there in 500 years. But how many houses would a family need to build and pay off in 500 years? Mor eor less, people spend 50-70% of their life energy on building a home. Homes that last centuries reduces this effort to a fraction... But don't tell the sheeple they don't need modern, new houses for a family and raise children. That would prevent them from turning into lifelong debt slaves for bad quality...

TeamDepends's picture

One could think of many "amusements" for our banker friends in this establishment.

TheFourthStooge-ing's picture

.

One could think of many "amusements" for our banker friends in this establishment.

The Boys at BIS are considering the idea of pooling their pocket change and buying it in an all cash deal, just as a goof. They think it's hilarious that Dracula's Castle® could then be owned by real vampires.

Ignatius's picture

Amusements?  Fuck, I thought this was their home address.

Yen Cross's picture

     The G-19(less Russia) should hold their next summit there... It's the ideal venue for a bunch of terrorizing blood suckers.

nmewn's picture

But he was imprisoned there for a few months...so thats almost like home!

Or BitDracula or sumpin ;-)

nmewn's picture

lol...ole Vlad was an ass kicker.

The French are too snobbish to be grateful, the Spanish know better ;-)

dirtyfiles's picture

looks like a white house

youngman's picture

I want the ATM Bitcoin franchise....the interest you could charge..would kill them...the RACK bed looks a little uncomfortable...

dirtyfiles's picture

your avatar pic would do well there

just sayin...

TheFourthStooge-ing's picture

.

the RACK bed looks a little uncomfortable...

I would certainly hope so. No doubt there are certain "sophisticated" guests who would gladly pay exorbitant rates for such unique amenities.

Mine Is Bigger's picture

I was there several years ago.  I felt stupid taking the time and trouble to actually visit there.  It's just an old building in a not good area of a not so good country (sorry Romania, but that's my impression).

Bunga Bunga's picture

... but if you don't buy, you will be priced out forever.

TheFourthStooge-ing's picture

.

... but if you don't buy, you will be priced out forever.

...or until it's back on the market again after the new owner dies. There's something strange about the former owners of that place, kind of like being the drummer in Spinal Tap, except they all died in bizarre accidents involving a stake through the heart.

Atomizer's picture

I will swap you a box of Count Chocula Cereal for your property today.

 

Bauhaus - Bela Lugosi's Dead

gimli's picture

I smell Orcs ..... no thanks

rsnoble's picture

I'd like to get one of those russian gals in the ads that keep popping up on this site up in the top there and just fuck the hell out of her.  

The_Ungrateful_Yid's picture

Future NWO headquarters. Perfect home for the ultimate horde of vampires.

Kirk2NCC1701's picture

Nah, Neuschwanstein is more my speed.  But the Barbarian won't sell it.  Besides, the BND (Germany's Secret Service) has some offices there... in the part of the castle (across the courtyard) where they won't take tourists.

Hongcha's picture

Big meh to this and I'm a German Lutheran.

It's not the actual castle.  The castle Vlad the Impaler in fact occupied was razed by a torch-wielding mob after his death and as of 40 years ago was a foundation of rubble; see In Search of Dracula, an excellent history published in the 1970's.

starman's picture

Vlad Tepes my outmost respect to you for repelling the turkish hoards and protecting Europe.

KLG 

Schmuck Raker's picture

"$135 Million"??? For that kinda money I'll take a small loft in London first!

Dre4dwolf's picture

Meh I wouldnt buy it, I would go for one of Nicolas Cages castles instead. . . much cheaper and more up to date!

 

Lmao, the economy is soo bad that Count Dracula has to donate blood and sell his castle to pay his debts ;p

 

135 Million lets see

80,000$ Mazzerati for no reason

12,000,000$ Castle from Cage

14.50 + 2$ tip for Pizza

12$ for some beer

45$ for a Bottle of Jameson 

40$ for some "Misc. Herbs"

1$ for a dutch

60$ for Gas

and 2000$ for "Misc. Entertainment"

Hmm.

Spungo's picture

Seems like a fitting home for financial vampires

Sudden Debt's picture

Well, I'd rather have this castle than a appartment in New York for the same price.

Break down some walls, create some open spaces, one or two swimming pools... it has potential for a flip job.

laomei's picture

Too bad it's in Romania

Joenobody12's picture

I toured the place two years back. IT was esaily one of the best experience of all the years I travelled. The inside of the castle is a piece of art. Everywhere you turn you can see architecture details so fine it is overwhelming. Whoever built it must have put in a lot of thought and paid attention to details. 

Inside Romainia, we travelled by train. At one stop, there was no taxi. The only transportation waiting by the stop was a horse carriage apparently waiting for business to take the villagers with their heavy load back to their village. 

At another village, we met a group of teenages wth teeth that look exactly like the werewolf in one of those horror movies. They probably gave the director inspiration.

I also highly recommend athe overnight train from Transvania to Budapest. For a moment I felt like Dracula in the movie racing against sun rise.

wstrub's picture

Where will the NGO protestors of the Gabriel Resources 16 million ounce gold deposit stay?  

If Romania really wants foreign reserves, they could give environmental approval to  this company as they have agreed to clean up the mining garbage from the past as well.

Last of the Middle Class's picture

surely there's a little corner somewhere for a Starbucks.

Canoe in the Desert's picture

New reality TV series opportunity: "Pimp my Castle" or "Lifestyles of the Superficial".

p.s. - Nice rack.