With this offer from Italy potential buyers take note: In a southern town, there are houses virtually for free – there’s one catch, though.
Italy sold houses from a Euro. So the flight from the land is to be counteracted. The houses need to be renovated.
The location of the municipality of Cinquefrondi is located in the South of Italy , is not an isolated case: The young people flee from the countryside to the city, because they have more opportunities to find a job. The consequence of this is that there is always in the Village in Calabria is empty are . All the schools are deserted and the roads fall into disrepair. To counter this Trend, some of the abandoned houses offered now from a Euro to buy.
community in Italy, bought and sold real estate for the low, low price
the mayor of The municipality of Cinquefrondi, Michele Conia, calls his Plan “Operation beauty”, as the news portal CNN reported. He wants to modernize the city’s image, encouraging people with rock bottom prices to purchase a model that has come out in the past in other Italian villages, and municipalities* to use. A little bit of work for the potential buyer, but behind it is: In the Euro, there is a minimum – who offers more gets the contract. Usually, the new owner must then create a Deposit of 5,000 Euro Deposit . Only if you have renovated your house within three years, you get back the money.
In Cinquefrondi there shall be no security Deposit*, but buyer will have to pay an annual insurance fee of 250 Euro . This fee must be paid until the houses are renovated, there is an incentive, therefore, to be particularly fast. Those who can not make it within three years, you must have to pay a penalty of 20,000 euros , said according to CNN.
interesting : hard to believe: This Villa is for just six euros.
The houses between 40 and 50 square meters , and are located in the old town. First of all, the offer for twelve out of a total of 50 vacant houses applies . When demand is high, it is possible that the offer is extended, it is called by the mayor. In order to attract additional buyers, enlists the community in order to have no Corona cases. Generally speaking, the South of Italy is less affected by the pandemic than in the North.
also read : This house is available for a bargain price is: Where is the hook?
