17/12/2021
Italy: €1 houses in Sicily, Sardinia etc
Bursting with culture, delicious food, and glorious weather, it’s easy to wonder why there are so many areas in Italy using the charm offensive to get digital nomads to move there..
Central to this is the recent property trend where towns across the country sell off €1 homes. The goal is to draw creative minds with a bit of cash to spare to rejuvenate beautiful, albeit dilapidated, homes back to their former glory.
Make sure you’re in it for the right reasons rather than a cheap investment – there are often agreements that you invest in renovations or face a fine from the local authorities.
Regions in the country involved in these schemes include:
* Sicily
* Sardinia
* Abruzzo
* Milano
Italy: Villages in Apulia, Abruzzo, and Calabria
If home renovation isn’t your thing, there are many locations that don’t require that level of time and investment. Places that, like the rest of this list, would rather pay you instead.
Take Candela, for instance. Set within Italy’s gorgeous Apulia region, the medieval village earned itself the nickname ‘Little Naples’ for its beauty and easy-going way of life.
You can receive €800, €1,200, or €2,000 euros depending on whether you’re a lone traveller, in a couple, or a family. All you need is an annual salary above €7,500 and an application for formal residency.
Elsewhere, there’s Santo Stefano di Sessanio in the Abruzzo region, not too far from Rome.
The cobbled town has recently started to offer grants of up to €44,000 to incentivise new residents aged 18-40 to live there, with the expectation that you will open a business throughout your stay.
Finally, Calabria is the most recent addition to Italy’s offerings. The region forms the ‘toe’ of the Italian boot shape and consists of several villages that have seen huge declines in populations. Some have been left with fewer than 2000 residents in recent years even though there is the infrastructure to accommodate many more.
Applicants must be under 40 to apply, but would be entitled to €1,000-€8000 a year for two to three years. Potential earnings of €24,000 to live on the Italian coast?