Get Paid $25,000 to Reside in an Italian Town

Publish date: 2024-06-30

Photos of Italian town paying $25,000 to anyone willing to move there

A wonderful opportunity awaits in Italy, where a town is willing to offer a £25,000 reward for individuals willing to invest in a new residence there.

The ancient town of Presicce in the Puglia region is striving to revitalize its shrinking community by encouraging new residents to settle there. This historic town is peppered with derelict houses, and the town hopes to breathe new life into these abandoned dwellings.

Photos of Italian town paying $25,000 to anyone willing to move there

Located just a 15-minute drive from the pristine beaches along Italy’s southeast coastline, including Santa Maria di Leuca, Presicce boasts a rich history and was historically known as the ‘city of green gold’ due to its prominent olive industry.

Photos of Italian town paying $25,000 to anyone willing to move there

To be eligible for the cash incentive, individuals must procure a home in the village constructed prior to 1991. Further details can be found on the local government’s website, and the lowest-priced homes available are small apartments in need of renovation.

Photos of Italian town paying $25,000 to anyone willing to move there

This isn’t the first instance of the Italian government offering incentives to breathe new life into rural areas across the country.

Presicce features essential amenities such as a post office, supermarkets, and a bank, while unfortunately, the local cinema has been abandoned.

According to a local councillor, the funds can be utilized for both purchasing and refurbishing a home, with homes available starting from just over £21,000.

‘We will be offering up to 30,000 euros to people willing to move here and buy one of these abandoned dwellings,’ Alfredo Palese informed CNN.

‘The total funding will be split in two: It will go partly into buying an old home and partly into restyling it, if needed.’

Photos of Italian town paying $25,000 to anyone willing to move there

‘There are many empty homes in the historical centre built before 1991 which we would like to see alive again with new residents,’ Palese emphasized.

‘It is a pity witnessing how our old districts full of history, wonderful architecture and art are slowly emptying.’


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