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The development will offer 70 rental apartments at 6.90 euros per square metre
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The aim is to curb the ‘professionalization’ of short-term rentals
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The aim is to curb the ‘professionalization’ of short-term rentals
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Someone in Saint-Amand-Montrond will pay just 1 euro to own this property and renovate it, Source: Municipality of Saint-Amand-Montrond
The bargain comes with strings attached, however
Following in the footsteps of several Italian communities, this French town is now offering an entire house for the remarkably attractive price of 1 euro. Saint-Amand-Montrond, located in the very heart of France, is on a mission to revitalize its territory and improve its attractiveness, with creative means.
A 90-square metres house in the historical centre for just 1 euro? This certainly sounds like a dream deal, but in this French town, it will soon become a reality for one lucky person or a family.
As part of its Territory Revitalization Operation, the Saint-Amand-Montrond has put a 90.94 square metres house for sale and asks for just 1 euro in return. The property’s value is estimated at 27,000 euros, but of course, the plan is not about making a profit.
Set up by other French cities among which Roubaix, this system allows households to become property owners at a symbolic cost. In return, they undertake to carry out rehabilitation work according to specifications and refrain from reselling it for a certain period. Luckily, modest-income households are eligible for a subsidy.
The offer is open to first-time buyers only who intend to reside permanently in the house. Moreover, the future owner should clearly demonstrate his intention to renovate it by starting the works within 6 months of closing the deal and finishing them for 2 years in total.
The renovated home should also be energy-efficient, and the thermal renovation should preferably be performed by local businesses.
Naturally, the town authorities expect high demand and have drafted a selection procedure for the case. Prospective homeowners should apply by providing a motivation letter, justification that they own no other property and have not owned any within the last two years, a renovation plan and how they intend to finance it.
The project proposed could bring a maximum of 20 points; likewise for the quality of the rehabilitation. The financial capacity of the application could bring up to 15 more points. The maximum score is 55 points + 5 bonus points. Said bonus is given only to employees working in the Communauté de communes Cœur de France (a federal grouping of municipalities).
Those who are interested in applying can dial 02 48 63 83 15 – 02 48 63 83 05 or get acquainted with the house here.
The development will offer 70 rental apartments at 6.90 euros per square metre
The aim is to curb the ‘professionalization’ of short-term rentals
Reps from 300 cities worldwide will head to the Belgian capital, 12-15 June
The feline registry is expected to start operating in 2026
The team presented the final report about a year, which was supposed to put the Luxembourgish city on the cultural map of Europe
Special sensors will measure the moisture content in the soil near the roots
But also, 60% of the people in the country do not know what a ‘low-emission zone’ is
1,000 such spaces, strategically placed near public transit hubs, will help rethink the place of the car in the city
The city has signed a new lease deal for an area of 12 hectares which will include production facilities and renewable energy generation
The feline registry is expected to start operating in 2026
The development will offer 70 rental apartments at 6.90 euros per square metre
The aim is to curb the ‘professionalization’ of short-term rentals
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