All over Italy, municipalities have decided on the following initiative. Various individuals and mayors have begun to sell properties for €1 as a symbol of commitment. Hence, hoping to promote the recovery of areas that are dilapidated or in poor condition. For many areas, the only condition is you must promise restore the property. This is done by putting a certain amount of money into the land or restoring to certain conditions. These projects have popped up all over the country. Some in hopes of rehabilitating various areas hit with natural disasters, poor economic conditions, or which have been abandoned.
This is a great option if you’re looking for a way to purchase in this beautiful country, give back to the communities, or invest in worthwhile projects. More information and specifics about each town, use https://casea1euro.it
The following regions and municipalities have taken part in these projects:
Abruzzo: Lecce nei Marsi, L’Aquila
Tuscany: Fabbriche di Vergemoli, Lucca and Montieri, Grosseto
Piedmont: Carrega Ligure, Alessandria
Lazio: Patricia, Frosinone
Sardinia: Ollolai, Nuoro and Nulvi, Sassari
Sicily: Gangi, Palermo, Regalbuto, Enna and Salemi, Trapani
Here we will outline some more information about select main regions out of the above mentioned.
PROJECTS IN TUSCANY
Two main municipalities in Tuscany have begun to sell properties for €1. The new property owner, however, must complete renovations of the property within 3 years. If not, ownership of the property is returned to state. The mayor here hopes of save abandoned or destroyed properties in the Montieri area and the Grosseto province.
The Lucca province is home to the town of Fabbriche di Vergemoli. Forming this small village was the combination of Fabbriche di Vallico and Vergemoli with only 800 inhabitants. The properties here hope to increase population in this tiny town.
PROJECTS IN LAZIO
The most recent municipality to begin one of these projects is in a small town in Lazio. In the province of Frosinone, the village of Patrica began selling properties for €1 also.
The historic center of the town had begun decreasing its population and many buildings had been abandoned. In order to prevent further decrease in condition of this historic area, the mayor of Patrica decided he would try to sell properties for €1 to encourage the renovations and investment into the properties and older buildings.
PROJECTS IN SICILY
Various areas of Italy’s largest island have begun to sell properties for €1. The capital province of Sicily, Palermo, is home to one of these places. Ironically, Gangi was Italy’s “most beautiful town” in 2014.
However, similar to Lazio’s Patrica, the historic center has slowly been abandoned. In hopes to redevelop this area, the union decided in 2015 to begin this project here.
They gave away old buildings free of charge with a 3 year renovation expectation hoping to increasing housing and touristic buildings and bring more charm, beauty, and ultimately, revenue to the village. Also, another village in the Enna area, Regalbuto, began with a similar initiative.
Additionally in Sicily, the town of Salemi in the Trapani area began this as well. However, the situation was a bit more complex.
Additionally, deeply effecting the the historic center was an earthquake in 1968. Then, in 2008, the mayor began a project aiming to sell properties to private individuals. In hopes of consequently renovating and fixing up the area to its former glory. Some buildings were a safety concern and confiscated by the state. There was also an investigation regarding Mafia involvement and corruption in the police force. However, charges dropped against the mayor and his board of associates in 2016.