Many people dream of owning property but are put off by soaring house prices and mortgage rates.But a tiny village in Germany has gone on the market for €390,000 (£333,150) – less than the price of the average London flat.For a fraction of the cost of buying an apartment in the capital, you could instead get your hands on a sprawling 24,000-square-metre site in Thuringia, complete with 15 buildings.The unusual opportunity is listed on Kleinanzeigen, a German selling website, with the pitch: ‘Buy an entire village – a property with development potential’.The 15 single-storey buildings each have 100 square metres of floor space and have been completely gutted, leaving a huge blank canvas for whoever buys the site.There is also a central building with a former 300-square-metre dining hall, while electricity and water connections are already available.‘Even now, the complex conveys the character of a small village. This is precisely what makes it so special,’ the listing reads. A tiny village in Thuringia, Germany has been listed for sale for €390,000 (£333,150)The area was previously occupied between 1954 and 1990, according to Euro News. Initially for apprentices for the local steelworks and then as a holiday centre. It was then left empty until 2000 before being used again as a residential site, the owner Franz Eberitsch told the publication, explaining how he assumed it was legal use.However, there is a catch for prospective buyers to consider. German planning laws classify the land as being in the ‘Außenbereich’, meaning it is located outside built-up areas and its grandfather protection no longer applies. Grandfather protection essentially means that an existing building or use can sometimes continue even if it would not meet today’s planning rules.In this case, however, that protection has expired, meaning the site’s previous residential use cannot simply continue without obtaining fresh planning permission. Mr Eberitsch said: ‘When we later wanted to carry out more extensive refurbishment and further development of the site, the planning situation was reviewed again. ‘We were informed that the registrations at the time did not change the planning status and that the grandfathering had already expired due to the long interruption in use.’ In order to legally use the space for residential purposes, the owner would have to submit a new development plan or seek a different form of planning consent. The listing instead highlights how ‘the existing village structure offers exceptional development opportunities’.Potential projects suggested include a health and therapy village, a yoga and mindfulness site as well as a sauna and wellness facility. It includes 15 single-storey buildings each with 100 square metres of floor space’In addition, several buildings could be used as guest houses and overnight accommodations to facilitate multi-day stays, health programs, or seminars,’ the listing continues.It describes the opportunity as being ‘extremely rare on the market’ and hopes to attract someone who recognises the potential. Another village, located in Ireland, hit the market earlier this year.The private estate village of Lyons, in County Kildare, was listed for sale for €20million (£17.5million) by Sotheby’s International Realty.It included rustic cottages in great condition – totalling 47 bedrooms – and is only accessible by a gated avenue.