It seems impossible to buy a house with the same price because the food invoice exceeds 90 rupees. However, the one -euro house project started by some Italian municipalities has realized this. This Initiative aims to revive and re -nurture the abandoned Italian village, leaving an aging community and abandoned houses.
For those who are looking for low -cost real estate investment in Italy, or those who want to settle in an attractive Italian village, these houses provide attractive opportunities. According to the official website of the Euro House, this project was initially struggling, but has recently gained traction.
Is it really a single euro house?
Real estate owners move their homes to local governments and sell them for one euro. However, most of these houses are in poor condition and need large -scale renovation. The cost of repairs can greatly exceed the initial price, along with the extra charge.
Photo: 1 Euro House
1 What you need to buy a euro house
Municipal administration supervises projects and guarantees the legal nature of sales that are always generated among individuals. According to the official website, buyers need to commit the following:
Submit renovation and re -evaluation plan (usually within 365 days after purchase). Collection of notary charges for registration and transfer of property. After obtaining the required permission, renovate within the time frame set by the local government. A guarantee bond from 1,000 to € 5,000 is usually refunded within three years after the project is completed.
Can foreigners buy a 1 euro house?
Foreigners (non -Italian residents or non -citizens) must meet additional requirements for buying a house based on this scheme.
An important factor is whether there is an agreement between Italy and the home country of buyers. A typical rule states that if the Italian citizens can buy property in your country, they can buy property in Italy. In addition, future buyers need to obtain Italian tax laws to promote tax payment and comply with other legal guidelines that can be accessed here.
Read again: You will pay you to move to you forever in three places in the world
Do you think about owning a house in a quiet Italian village? Share your thoughts in comments.
