We're raising under £20,000 to buy a derelict, rustic property somewhere between Türkiye and Morocco — fix it properly, live in it part of the year, and let paying guests cover the rest. Everyone who puts money in owns a piece of it. Prefer to own outright instead? I can run the whole thing as your project manager.
It's a simple, three-stage loop — not a novel idea, just one done properly and openly, with everyone able to see the budget as it happens.
We target properties already priced for their condition: a köy evi in Türkiye, a cortijo in Spain, a rustico in Sicily, a village house in Morocco. Cheap because they need everything — that's the point, not a flaw.
Structural repairs first, then utilities, then a livable kitchen and bathroom. Local labour and materials where possible. Every invoice logged and shared — no surprises, no vague "renovation fund."
Partners get personal weeks. Paying guests fill the rest of the calendar. Rental income is split according to what everyone put in, on an open, agreed schedule.
Nothing's chosen yet — that's deliberate. These are the candidates and roughly why, with the honest catches attached. Figures are indicative for run-down rural or village properties, not city or coastal-front listings.
Inland Aegean and Mediterranean villages have the widest stock of genuinely cheap stone houses, often with land attached. Strong, established renovation and rental culture already exists for foreign buyers.
Inland Andalusia and Murcia still have derelict village houses and smallholdings at real prices, with the advantage of an EU legal framework and a mature holiday-let market once renovated.
Several inland towns (Mussomeli, Sambuca, others) run active symbolic-price house schemes to repopulate their centres — genuinely £1 in some cases, with a renovation commitment attached.
Village houses and small riads outside the main medinas can be very cheap, with a strong existing guesthouse culture to plug into once renovated.
The partnership below is one route. If you'd rather have a place that's entirely yours, I can run the search, purchase and renovation as your project manager instead — same regions, same approach, your property.
Put money into the shared property below. You get a proportional share of ownership, personal weeks each year, and a cut of rental income once it's operating.
I source, negotiate and oversee the whole process on your property — from the same regions, the same trusted local contacts and renovation approach — but you hold full title and take all the income.
Illustrative figures for one representative property, before a specific one is chosen. Final numbers get locked once we've picked a place and got a survey done.
Held in a joint account with two signatories required for any spend over £250. Full ledger visible to every partner throughout.
Every partner owns a share of the property equal to their share of the total raised — recorded in a written partnership agreement before any money moves.
Time in the property, allocated by rota once habitable, scaled to contribution and unclaimed weeks rolling over rather than being lost.
Once guest bookings begin, net income (after cleaning, platform fees, maintenance reserve) is distributed on the same proportional basis, on a set schedule.
A pitch that skips this part isn't one to trust with your money. Here's what we're actually watching for.
Rustic property = unknown structural surprises. The 15% contingency exists for this; if it's not enough, we stop and re-scope rather than quietly overspend.
Funds raised in GBP, spent in EUR/TRY/MAD. We'll convert in stages rather than all at once, to avoid betting the whole budget on one exchange rate.
Rental income is the upside, not the guarantee. The plan has to work as "a house we love visiting" even in a season with few guests.
This is a partnership between friends, not a regulated investment product. Every partner should read the written agreement and, if the amount matters to you, get independent advice before committing.
Rough phasing — each one ends with a decision point, not just a date.
Visit candidate regions, shortlist 3–5 real properties with real prices, and get the partnership agreement drafted and signed before any purchase.
Close the raise, complete legal checks and survey, complete the purchase.
Structural work, roof, utilities, then a livable kitchen and bathroom — documented openly with photos and running costs as we go.
Partners take their first weeks, guest bookings open, income sharing begins.
No commitment at this stage — this just gets you the shortlist of properties as we find them, the draft partnership agreement, and a heads-up when the raise opens.