Sounds crazy? It is! The village has put up with years and years of overall decline and neglect and are now looking to revamp their town by selling off vacant homes, for just one euro each! This equates to about $1.43, amazing!
So, where’s the catch?! The bargains come with a few conditions, but nothing too damaging…
- Buyers must pay a $7,000 (approx) guarantee to the local council promising that they will renovate the properties. The money will be redeemed once the homes are restored.
- The houses must be restored within 5 years and considering that most of them are either derelict or barely standing, the cost of the renovation will be around $50,000.
- As per usual, legal costs are always involved, so this will set you back around $8,500 per property
The council tried this idea a few years ago but with a lack of English-speaking councillors, it wasn’t very successful. Now the village are looking for foreigners to give the village new life!
Unlike Cronulla, the village is not near the coast, but it is a lovely, small medieval town surrounded by the mountains and friendly people!
Ready to invest, renovate and relocate? Enquire here today!