A town in Italy is offering a £25,000 payout for people willing to buy a house and move there.
The ancient town of Presicce in the Puglia region says it will pay people to live there in the hope that new life will be breathed into its declining community, which is filled with dilapidated houses.
Presicce is just a 15 minute drive from the pristine beaches of Italy’s southeast coast, including Santa Maria di Leuca. Presicce is hundreds of years old and was once known as the ‘city of green gold’ due to its expansive olive industry
To qualify for the cash incentive, one must purchase a house in the village built before 1991, with details available on the local government website. The cheapest houses are small apartments that need repairs.
This is not the first time that Italian government officials will spend money to rejuvenate rural areas across the country.
The ancient town of Presicce has a post office, supermarkets and a bank. The cinema is abandoned.
According to a local councilor, the money can be used for both buying a house and renovating it, with houses for sale from just over £21,000.
“We will offer up to 30,000 euros to people who want to move here and buy one of these abandoned houses,” Alfredo Palese told CNN.
“The total funding will be split in two: it will be used partly to buy an old house and partly to revamp it, if necessary.”
“There are a lot of empty houses in the historic center built before 1991 that we would like to see revived with new residents,” Palese continued.
“It’s a shame to see how our old neighborhoods steeped in history, wonderful architecture and art are slowly emptying out.”