Amid the recent real estate renovation in Italy, buyers now have the opportunity to brand an affordable home near the heart of Italian culture, Rome.
Mayor Claudio Sperduti, of the city of Maenza, located about 40 kilometers southeast of Rome, will make available to both occupants around the world about 100 houses in ruins, according to CNN, for only 1 € of purchase, plus the refundable deposit of € 5,000 ($ 5,840), if the renovations are completed within three years.
With the most typical residences offered in the most remote areas of the Mediterranean country (from distant Sicily (Sambuca, Mussomeli and Cammarata) and other little-known villages in the south (Laurenzana, Teora and regions of Calabria and Molise)), the Home renovation initiative in Maenza marks one of the most central villages seen in the trend, with better access to travel centers and historic attractions.
Some of the houses date back to the 1700s, while many have epic views of the Tyrrhenian Sea, between the island of Sardinia and mainland Italy.
“We’re taking it one step at a time,” Sperduti told CNN. “As the original families get in touch and hand over their old homes to us, we put them on the market through specific public notices on our website to make everything very transparent.”
In addition to the time limit, Maenza leaders will also require buyers to submit a detailed plan for renovations and how they intend to use the property, whether as a home or business. Sperduti also encourages families to apply especially in the interest of discouraging developers from moving houses for profit.
“Families and young people often leave the city to move to larger houses in towns and villas close to the countryside, but there is always some newcomer taking their place, so it stays balanced,” he said. Lost.
“This is not a dying city, people still live in the old quarter, but it needs fresh, renewed oxygen,” he added.
The mayor estimated that the cost of bringing houses to tobacco would start at about 100 euros ($ 117) per square meter for an average home of 50 to 70 square meters, the cost of which includes ecological elements and fortification for earthquakes, according to Sperduti.
The first sales of Maenza’s home buying campaign will be announced on Saturday, and more will come, as city officials will continue negotiations with the original owners to list the properties. You can get more information on the village website.