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East German village sells for 140000 euros

11 Décembre 2017

The sole bidder at a freaky auction has bought an entire East German village complete with buildings, sheds and garages for 140,000 euros, the Daily Mail says.

In 2000, the hamlet was sold to private investors for one 'symbolic Deutschmark, ' the pre-euro German currency.

The two brothers who were the original buyers of its dozen buildings, plus sheds and garages, did not manage to stop its slide into neglect.

During World War II, the Hitler Youth trained around Alwine and prisoners of war were incarcerated nearby.

But the plant closed in 1991 and the town's homes began to empty, with many residents leaving to seek work elsewhere.

The village was formerly part of East Germany and had fallen into disrepair as most residents moved west.

Alwine is not the only such community in eastern Germany, which still lags behind the west in prosperity, wages and jobs, with a per capita GDP that was only 67 percent of that in western states in 2015.

Andreas Claus, the mayor the district that contains Alwine, said that he learned of the proposed sale in a media report.

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The score ranges from zero to six where a 0 would indicate no evidence of book cooking, and a 6 would indicate a high likelihood. Following the transaction, the director now directly owns 1,500 shares of the company's stock, valued at approximately $93,945.

Between 1990 and 2015, the region's population fell by about 15 percent, according to a government report this year.

None have come back, he said.

Claus said he would invite the buyer "to see how we can try to develop something here, in collaboration with the people, and not against them".

And Urbanek said it was unlikely that anyone living there would be able to raise the necessary 125,000 euros to do so.

"After reunification, many people moved away for jobs", said Hildegard Schroeteler-von Brandt, a professor of architecture and urban studies at Siegen University.

"We were contacted by many interested parties, also from overseas", a representative of the Karhausen auction house in Berlin, Matthias Knake, told the magazine. As local news outlets have reported, its dilapidated state is characteristic of much of the former East Germany.

In Germany's federal elections in September, nearly a quarter of Uebigau-Wahrenbrück voted for the far-right Alternative for Germany (AfD) party, reflecting disillusionment with traditional parties.

East German village sells for 140000 euros