Housing crisis: Only 300 properties available for rent in Dublin
While supply is becoming virtually nonexistent, rents are increasing faster than anytime in the last 16 years
The island is taking a stance against depopulation by offering to fund the renovation of a homestead
The regional government of Sardinia would be delighted to see you settle there, especially if it's in its countryside. The administration has set aside a 45-million-euro budget to help families with the purchase or renovation of their first home. The catch – it has to be in a municipality with fewer than 3,000 inhabitants. It’s all part of a new strategic plan to reverse the depopulation of the rural areas and boost economic activity there.
The government’s aid for the property purchase comes as a non-repayable grant to the household, and it can reach up to 15,000 euros. In any case, it cannot cover more than 50% of the value of the house or renovation, and cannot exceed the stated amount.
The grant is disbursed to those who register their residence in a small town in Sardinia or to those who transfer their registered residence within 18 months from the purchase of the house or from the date of completion of the works. People who already have their original residence in another small town on the island cannot apply for the grant.
The contribution can also be granted to those who transfer their residence to a small Sardinian town but do not reside, at the time of submitting the application.
Sardinian President Christian Solinas explained that the measure has been passed with the aim of making the island a better place to live and giving new opportunities to Sardinians.
“We have created the conditions for young people to decide to stay and (develop) the economic fabric of the most fragile territories. Thanks to the contributions to their first houses, this is strengthened and becomes fertile ground for those who will move there or decide to build a family. There can be no growth without a real enhancement of the territories, of the interior and most disadvantaged areas, which must pass through new policies for their repopulation,” he stated in a press release.
In addition to this regional initiative, there are also other projects dedicated to the rehabilitation of abandoned housing. Among them is the 1 euro houses project, which has also taken root in Sardinia. The island municipalities involved include Montresta, Nulvi, Romana, Ollolai and Bonnanaro.
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