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Too budget-friendly to be true: ₹87 for a house in Italy up for sale!

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Just for a euro (approximately ₹ 87), houses in the picturesque countryside of Italy are being put up for sale to anyone willing enough to commit themselves to restore the place. The place which is being put up for sale is now the first in Rome’s Latium region that has started selling houses for one euro.

Prices that almost sounds like a scam

Italy

As long as you are willing to commit yourself to restoring a house, you can get a house in the picturesque countryside in Italy for just one euro (approximately ₹ 87). This is a long-term goal to repopulate Italy’s villages and draw tourism to the areas which are far away from the hotspots. 

According to CNN reports, the town of Maenza is now the first in Rome’s Latium region that has started selling houses for just one euro.

Moreover, shortly, abandoned or empty huts in the areas will be up for sale. More houses will be made available to buyers soon as the application for the sale of the first few houses will close on August 8.

“We’re taking it one step at a time. As original families get in touch and hand over to us their old houses, we place these on the market through specific public notices on our website to make it all very transparent,” says Mayor Claudio Sperduti.

Rigid goals to dismiss being labelled as “abandoned”

house in Italy up for sale Italy The North-Eastern Chronicle

According to a translation of the details on the scheme’s website which has been provided by The Independent, the town’s administration strives to “combat the abandonment of the ancient medieval village of the city centre”, which is located about 70km southeast of Rome.

Restoration must be done within three years by the people who have been lucky enough to own a property in Maenza. Additionally, 5000 euros have to be paid as a deposit guarantee, which of course, will be returned once the renovation has been considered complete.

Also, it is not necessary that the buyers have to live in the houses that they purchase, all they need to do is to submit detailed plans to the town about how they plan to make use of their property.

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