Sant'Elia a Pianisi is a quaint town of about 2,000 people, Source: Comune di Sant'Elia a Pianisi

Italian town puts up for sale eight 1-euro houses

Italian town puts up for sale eight 1-euro houses

The candidates for the symbolically priced properties, however, have to present projects favouring local resources in the renovation

The Italian municipality of Sant'Elia a Pianisi in the region of Molise is a small town of about 2000 inhabitants and also the latest to adopt the 1-euro house plan as a strategy for revitalization and reversing depopulation.

For this purpose, last month, the town decided to put up not one but eight separate houses, each priced at 1 euro, for sale.

The property acquisition process has been simplified, and the price is very advantageous, but there are also charges for those who buy, according to the mayor, Biagio Faiella, which include a deposit of 5,000 euros in order to ensure that renovation works will take place.

Attracting rural investments in a catchy way

In an interview for property site Idealista, the mayor explained that those who buy the houses must adhere to a strict set of rules, including presenting a renovation project to the local authority within six months of purchasing the house. And it will be necessary to complete the work within the next three years.

If more than one person is interested in buying a property, then preference will be given to the buyer who presents a project using local workers and materials and also to those who plan to finish the project in the shortest time.

The reason for these conditions is to dissuade people who only think that this will be a way of acquiring property for practically nothing while also not getting involved in the local lifestyle and issues. Renovating a property commits the owner to at least take some interest in the local circumstances of a place.

The mayor told Idealista that so far there has been interest from many people, including from the United States and Canada.

For guidelines on the application procedure, visit the website of the Municipality of Sant'Elia a Pianisi.



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