The Italian town of Pratola Peligna sells its 250 houses for € 1 each
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Italian town selling its 250 houses for € 1 each
Pratola Peligna is an Italian town located in the Abruzzo region in central Italy and is very close to the popular ski resorts of Roccaraso and Pescasserol. Just two hours from the capital of Rome, you can currently buy one of the city’s 250 homes for just € 1.
The Abruzzo authorities have launched this program to encourage the arrival of new residents in the most sparsely populated areas of Italy. Even if you have managed to acquire one of the houses for one euro, there is still the fact that the houses are in poor condition. As a new owner of one of these properties you have to agree to renovate it, so of course some savings will have to be made for that.
Renovations are also time-limited, with Abruzzo assuring they will charge 10,000 euros if renovation plans are not presented within six months of purchase. It is also requested that the work not take more than three years.
On its website, the houses available in Pratola Peligna are presented, in the program called “Houses for 1 euro”. It has been reported, however, that with increased demand some of the homes in this Italian town have actually sold for € 5,000, or in some cases € 20,000.
As a spokesperson for the “Houses for 1 Euro” program explains, “We don’t need new construction or new construction above buildings. The strategy to improve the habitat and find our cultural identity is to revive the small abandoned centers, or to rebuild abandoned buildings, with a history which is our history ”, as reported 20minutes.es.
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