Pratola Peligna, in the Abruzzo region, is struggling with a lot of vacancy. Some 630 buildings are currently unoccupied. Therefore, in order to attract new residents to the place, houses are sold for next to nothing. The city hopes to be able to sell at least 250 homes for one euro.
Interested parties who want to make their move should take into account that these are handy houses. Although the buildings only cost a euro, the new owners have to roll up their sleeves.
It is the intention that the buyers submit a renovation plan to the municipality within six months of signing the purchase contract. If they fail to do so, they risk a fine of 10,000 euros. The municipality hopes that a large part of the homes will be renovated within three years.
Pratola Peligna is located in the Peligna Valley of the Apennines. The area is known for beautiful ski areas, scenic views, and meandering passageways between pastel-colored houses. It is also close to several natural parks such as Majella National Park, Sirente-Velino Regional Natural Park and Abruzzo National Park.
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