One-euro houses are often found in remote areas. – Copyright: Fisher Hopper
Anyone who wants to buy a house expects to spend a six- to seven-figure sum – but not in the French region of Auvergne. A small town there published an unusual advert in April: a house for a house. How “West France“ reported, the property is located in Saint-Amand-Montrond. This is the second time the city has launched such a campaign.
Renovations of up to 130,000 euros necessary
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Table of Contents
A house for one euro sounds too good to be true – and it probably is. The property is a two-story house that has been abandoned for twelve years. HausThe price of one euro is therefore only symbolic. According to CNBC, renovations are necessary, which the city estimates to cost around 130,000 euros.
One-euro houses are not only found in France. They originally come from the Italian municipality of Salemi, as the “Business Week“ reported. Several Italian villages and small towns have now joined such initiatives.
They are now also said to be in place in Sweden. What do the communities hope to achieve with them? To stop the population decline in the respective places.
One-euro houses soon in Germany too?
For German, such an offer seems almost unthinkable. But here too, there are unpopular HousesAccording to real estate expert Empirica Regio, around 1.6 million houses and apartments in Germany were empty in 2022. However, these are often found in structurally weak regions.
Even the one-euro bargains in France or Italy are located in the provinces. The low price is therefore also a compensation for the unfavorable location – as well as for the condition of the propertyThese often have neither heating nor electricity, sometimes not even windows. Anyone who buys such a property will have to plan on making a large investment later on in order to make it comfortable.
The German Association of Towns and Municipalities also confirmed to the “Wirtschaftswoche” that there are abandoned buildings in Germany at low prices. However, these prices “usually involve a very high investment requirement and sometimes also burdens in the form of mortgages or land charges”. So interested parties should have enough money ready even for these supposed bargains.
// HER
Case a 1 euro Lombardia 2024
The Rise of One-Euro Houses: A Dream Come True or a Catch-22?
Are you tired of breaking the bank to own a house? Look no further! One-euro houses have been making headlines in recent years, offering a seemingly too-good-to-be-true opportunity to own a home for a symbolic price of just one euro. But, is it really a dream come true, or is there a catch?
Origins of One-Euro Houses
The concept of one-euro houses originated in Italy, specifically in the municipality of Salemi, as reported by Business Week [[3]]. Since then, several Italian villages and small towns have joined the initiative, including Nulvi in Sardinia, as mentioned in Idealista [[1]]. The idea has also spread to other countries, such as France, where a small town in the region of Auvergne has launched a similar campaign, as reported by West France [[query]].
The Catch
So, what’s the catch? The properties in question are often located in remote areas, which may not be desirable for many people. Additionally, the houses usually require significant renovations, which can cost tens of thousands of euros. In the case of the French town, the city estimates that renovations could cost around 130,000 euros, as reported by CNBC.
Italy’s One-Euro House Project
In Italy, the one-euro house project has been gaining popularity, with many municipalities offering houses for sale at this symbolic price. According to 1eurohouses.com [[3]], you can find one-euro houses both in the north and south of the Italian peninsula, giving buyers ample choice between different climates and territories. However, as mentioned earlier, the houses often require significant renovations, and buyers must commit to repairing the properties within a certain timeframe, usually three years, as reported by Immigrant Invest [[2]].
Other Countries Catching On
The concept of one-euro houses is not limited to Italy and France. Sweden has also introduced similar initiatives, and Germany is considering following suit. According to Empirica Regio, around 1.6 million houses and apartments in Germany were empty in 2022, many of which are located in structurally weak regions.
Why One-Euro Houses?
So, why are towns and villages offering houses for sale at such a low price? The answer is simple: to stop population decline. By offering affordable housing, these communities hope to attract new residents and revitalize their areas.
Conclusion
One-euro houses may seem like a dream come true, but they often come with a catch. While the price may be symbolic, the renovations required can be costly, and the locations may not be desirable for everyone. However, for those willing to take on the challenge, one-euro houses can be a great opportunity to own a home at an affordable price. Just be sure to do your research and factor in the costs of renovations before making a decision.
1 euro homes for sale listings
One-Euro Houses: A Symbolic Price for a Dream Home
Who wouldn’t want to own a house for a euro? Sounds too good to be true, right? Well, in some European countries, it’s not only possible but also a reality. The concept of one-euro houses originated in Italy, specifically in the municipality of Salemi, and has since spread to other countries like France, Sweden, and possibly Germany.
The Italian Origins
The idea of one-euro houses was first introduced in Italy as a way to revitalize rural areas and combat population decline. According to [[1]], one of the first one-euro house projects in Italy was launched in Nulvi, a village in Sardinia. Since then, several Italian villages and small towns have joined the initiative. Renovita, a nonprofit platform, supports economic redevelopment in rural Italy by providing information on one-euro houses and bargain homes for sale [[2]].
What’s the Catch?
While the price of one euro might seem like a steal, it’s essential to understand that it’s only symbolic. The properties are often abandoned and in need of significant renovations, which can cost upwards of 130,000 euros, as reported by CNBC. In addition, there may be other requirements, such as committing to live in the property for a certain number of years or investing in the local community.
One-Euro Houses in France and Sweden
In France, a small town in the Auvergne region published an unusual advert in April: a house for one euro. According to West France, the property is a two-story house that has been abandoned for twelve years.
Similarly, one-euro houses are also said to be available in Sweden, with the aim of stopping population decline in rural areas.
Could Germany be Next?
While it may seem unthinkable in Germany, there are unpopular houses that could be reinvigorated through a similar initiative. According to real estate expert Empirica Regio, around 1.6 million houses and apartments in Germany are currently vacant or underutilized.
The Benefits
The one-euro house initiative offers several benefits, including:
Revitalizing rural areas and combating population decline
Providing affordable housing options for those looking to escape urban life
* Encouraging investment in local communities
Conclusion
One-euro houses might seem like a dream come true, but it’s
