No fraud: In Italy's Maenza, you can buy house just for Rs 87
This project's long-term objective is to repopulate Italy's towns and turn the country's outlying territories into tourist destinations in the future years. People who wish to live in the busy metropolis of Rome, on the other hand, have limited alternatives.
Houses being sold for Rs.87 may seem ridiculous, but it is real. It has been revealed that Italy has been selling off properties for one euro, around Rs. 87. These houses are situated in the lovely countryside of the nation. People who are prepared to commit to repairing the property can purchase rural homes. This project's long-term objective is to repopulate Italy's towns and turn the country's outlying territories into tourist destinations in the future years. People who wish to live in the busy metropolis of Rome, on the other hand, have limited alternatives.
According to CNN reports, the municipality of Maenza is now the first in Rome's Latium area to offer properties at a low cost. It was also suggested that a number of abandoned or empty huts in the area will be placed up for sale shortly. Though applications for the first few properties in Maenza will end on August 28, other houses in the area will be offered to purchasers soon.
As per the media reports, Mayor Claudio Sperduti stated that the government is taking things slowly. He said that original families contact the administration and hand up their homes. The government placed them on the market via public postings on their website to make the entire process transparent.
The historic mediaeval town is located around 70 kilometres southeast of Rome, according to a translation of the data given on the scheme's website. The town government hopes to counteract the "abandonment of the historic mediaeval village of the city centre" with the one-euro programme.
It is also worth noting that everyone fortunate enough to acquire a property in Maenza must rehabilitate it within three years. People who buy these properties must also pay 5,000 euros or Rs. 4,35,021 as a deposit guarantee. The guarantee payment would be refunded after the work is finished.
Buyers are not required to reside in these houses, but they are required to provide a comprehensive plan to the municipal administration outlining how they intend to use the bought property. It might be a house, a restaurant, a business, or anything else.