The ‘Covid-19 free’ Italian village where you can buy a house for less than £1

Have you always fancied moving to Italy?

Well, now you can – and you’d only have to stump up 1€ (90p) for a property in Cinquefrondi, located in the southern region of Calabria.

The dreamy scheme is shooting up to the top of our lengthy bucket lists after lockdown halted travel.

The incredible opportunity may sound too good to be true, but has become more common across Italy in recent years.

Enterprising politicians trying to boost the numbers of residents in rural villages have begun flooding the market with cheap properties in a bid to persuade people to move.



The Mayor hopes to recover lost parts of town

And we’re definitely tempted after looking at the pictures of this idyllic spot.

One incredible bonus is that the community has not reported any cases of coronavirus, according to the Mayor Michele Conia.

Cinquefrondi overlooks the Ionian and Tyrrhenian coasts and is just 15 minutes from the beach.



The village is rich with natural beauty

But although the village is surrounded by natural beauty, nestled along the sprawling Aspromonte National Park, a huge district of the town is currently empty. 

Mayor Michele Conia told CNN: “Finding new owners for the many abandoned houses we have is a key part of the Operation Beauty [mission] that I have launched to recover degraded, lost parts of town.

“I grew up in Germany where my parents had migrated, then I came back to save my land.



New owners have to complete the renovation within three years

“Too many people have fled from here over the decades, leaving behind empty houses. We can’t succumb to resignation.”

Prospective owners will have to stump up €1 (90p) in order to secure the property initially, and a further €250 (£224) annual insurance policy until the property is renovated.

Owners will be fined €20,000 (£18,000) if they do not complete the renovation within three years.



You could buy a property for 90p in this Italian village

Mayor Conia said: “We’re just asking for some kind of certainty once a new buyer commits to the project.

“The policy fee is very low and the cost of a restyle here is within €10,000 to €20,000, given the dwellings are cosy [and] tiny.”

The houses on sale previously belonged to farmers, shepherds and artisans.

There’s currently 12 homes available but the town has promised to increase this if there’s a demand.

Ms Conia said: “If we receive a huge demand, I can expropriate all other buildings which have been empty for decades and the old owners are nowhere to be found.

And if DIY isn’t your forte, fully renovated houses are also available at low prices.

source.



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