This post is also available in: Italiano (Italian)
Become a homeowner by spending only 1 euro.
It seems impossible, however, thanks to a particular initiative that is becoming more and more popular, this can become a reality. The project Case a 1 euro (1-euro houses) has sprung from a few Italian municipalities with the intent to counter the population outflow and to give a new birth to troubled areas.
With this operation Case a 1 euro (1-euro houses) we try to repopulate gorgeous villages that are being deserted, with the young population leaving and the elderly slowly fading away.
This unprecedented proposal has struggled initially, but it’s gaining popularity in recent times. This long-term strategy is attractive for those who are looking for low-cost real estate investments in Italy, and to simply restore prestige to Italian villages famous all over the world for their extraordinary beauty, and for that vintage spirit so cherished nowadays.
Additionally, the Project Case a 1 euro (1-euro houses) could positively shock to the Italian real estate market facilitating access to homes by young people, for whom it is becoming increasingly difficult to take out a mortgage.
Last but not least, the repopulation of these small villages also promotes tourist activities, regenerating the economy of the entire area. To enhance the tourism economy, it is possible to repurpose an old building as a boutique hotel, a B&B, or even to create a bigger project involving multiple premises in the same village to create a scattered hotel.
In conclusion, there are many very interesting possibilities and implications.