Welcome to the dream. Another Italian city wants to pay you to move to Italy – $30,000 to be exact.
This time the village with the deep pockets is Presicce, a charming little hamlet known as the “City of Green Gold” thanks to the surrounding olive groves. Presicce is in Puglia, a southern region known for its whitewashed hilltop villages, lush farmland and unspoilt Mediterranean coastline.
The city pays people up to $30,000 to buy and move into a home, which is about $30,000 in today’s dollars.
The idea of attracting new residents to counteract the declining population was implemented in other parts of Italy. There’s the island of Sardinia (which bid $15,000), the region of Calabria (which bid $33,000), and the village of Santo Stefano di Sessanio (which promises up to $52,500) to name a few.
So what do you need to know? As with any of these programs, there is a catch. You need to buy a house and become a resident of Presicce. The apartment must have been abandoned and built before 1991. And the funds are shared: part of it goes towards buying the house, part can be used for renovations or renovations.
“There are many empty houses in the historic center that were built before 1991 that we would like to see alive again with new residents,” Presicce local councilor Alfredo Palese told CNN. “It’s a shame to see our old neighborhoods full of history, beautiful architecture and art slowly emptying.”
But it’s not a bad deal: To give you an idea, a 500-square-foot house in Presicce costs about $25,000.
Additional information and applications will be published on the Presicce Town Hall website in the coming weeks.
Presicce was able to raise the funds for this new program as a result of a merger with a neighboring town – Acquarica – in 2019. The current population is now around 9,000 people. “After the merger, our wider territory will be blessed with roughly more public funds under Italian law [1 million] euros a year for several years that we want to invest to revitalize the old neighborhood,” Palese told CNN.
Dating back to medieval times, Presicce is full of well-preserved architecture, lush gardens, narrow streets and beautiful art. It made a cameo appearance in a British film called run in the sunshine, showing the ruined palaces and baroque churches of Presicce. The town is surrounded by farmland, olive groves and rolling countryside lined with cycling and hiking trails.
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