Last updated on
24 August 2021, 19:48
Italy has been selling houses in its beautiful countryside for just € 1 (around Rs. 87) since last year, with the aim of repopulating the villages.
However, until now the options were all far from the capital Rome.
The town of Maenza has now become the first in the Lazio region of Rome to start selling houses at a staggering price, CNN reports.
Dozens of houses for sale in the town
Dozens of houses in the picturesque village will be on sale for the price of an espresso coffee.
Applications for the first homes are currently on sale and will close on August 28.
But don’t worry, more homes will be put up for sale as talks are underway with their owners, city mayor Claudio Sperduti said.
“A pact for the rebirth of Maenza”
Mayor Sperduti called it a “pact for the rebirth” of his hometown.
“We are moving step by step. As the original families contact us and hand over their old houses to us, we put them on the market through specific public notices on our website so that everything is very transparent,” did he declare. CNN about that.
Some 100 properties will be restored, according to administrator
Maenza is located approximately 70 kilometers south-east of Rome. The city administration hopes to revive a hundred neglected properties to “combat the abandonment of the old medieval village in the city center,” according to the program’s website.
Interested buyers must renovate homes within 3 years
However, these houses are not in the best condition.
Persons authorized to purchase a property will be required to commit to restore it within three years and submit a deposit guarantee of € 5,000 (Rs. 4.35 lakh), which will be returned upon completion of the renovation.
In addition, detailed plans of what the property will be converted to (such as a house, store or restaurant) must be filed.
You won’t have to live in the village all year round
It will not be mandatory for buyers to live in the homes they buy throughout the year.
But families with children who wish to live in the city semi-permanently have been encouraged to apply.
If several people are applying for a property, priority will be given to those who wish to settle in and plan the fastest renovations.