Medieval town in Italy sells houses for one euro: what are the requirements

The offer of houses for only one euro continues to grow in Italy. The small town of Maenza, located on the outskirts of Rome, is the latest to join the Italian project of sell houses worth one euro with the aim of reviving its old streets and buildings.

Maenza is located about 70 kilometers south of the capital of Italy, in the Lazio region, and like many other peoples of the European country, it seeks to reverse the current situation of population decline and aging.

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The city of just over 3000 inhabitants was born around the 12th century and still retains its medieval style. It housed shepherds and tribes in the Lepini mountains and has many abandoned stone dwellings that have been put up for sale in the hope of reviving the region.

The mayor of the town, Claudio Sperduti, told CNN that he wants to reclaim all abandoned and dilapidated properties and connect the old owners with potential buyers who will be interested because of the ridiculous values.

“We are taking it step by step. As the original families contact us and hand over their old homes to us, we put them on the market through specific public announcements on our website so that everything is very transparent,” Sperduti explained.

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Requirements

Among the conditions that the interested parties must fulfill is the commitment to renovate the housing within a period of less than three years, because many are very deteriorated, and the payment of a security deposit of 5,000 euros, to be returned once the renovation work has been completed.

Buyers will be able to choose what they want to do with the property: whether to convert it into a home, hotel, business, or restaurant. The only requirement is to present the detailed plans of the project to the municipal council to obtain the approval of the municipality. In this case, it will not be mandatory for buyers to live in the homes they buy and renovate.

Meanwhile, families with children or young couples who wish to live in Maenza They must request the corresponding authorization. Closure of applications for the first lots on August 28 however, the mayor informed that new homes will be on the market soon.