The Italian town that sells houses for one euro | the Chronicle

The city authorities of Troina, in Italy, announced that to attract new settlers, the auction houses a Euro and they will offer cheap credits for its restoration. They will also offer special benefits for those who decide to move, such as free education for the little ones and a free shuttle service to school.

The aim is to reduce the depopulation which increases over the years as many residents have moved to more modern houses in neighboring towns or have left the area altogether.. “I want to save our old quarter from the grave and regain its lost grandeur, when it was the Norman capital of Sicily“, said the mayor Sebastiano Fabio Venice to the news channel CNN.

To speed up sales procedures, Venezia has created a working group that advises buyers throughout the process. Although international travel is limited by the pandemic, those interested can view properties available on the web or request information online.

According to the mayor, around thirty homes are already available for the symbolic value of one euro and 100 more could be put on the market in a short time. To access it, buyers must make a security deposit of 5,000 euros, which they will recover once the reform of the house is completed, for which they have a period of three years from the acquisition.