VIDEO: You can actually buy a house in Italy, Europe for less than Rs. 200!

“Finding new owners for the many abandoned houses is a basic goal of the “Cinquefrondi Builds Beauty” project.

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Many people continually dream about living in Europe. Now call it fate or coincidence; their dream might come true! That is because people can now buy a house in Italy, Europe, for as low as 200 Rupees.

Rest assured, as this is not a scam! Cinquefrondi is a remote village in Italy where a project has been initiated to attract residents and reverse the trend of depopulation. Under the plan, Cinquefrondi Builds Beauty, people are being offered housing for €1 that equals 186 Rupees. Surprised?

The news is hard to believe, but the fact that the town wants more locals to reside in it justifies the sale of the empty houses. More reasons include:

  • It is a ghost town.
  • €250 is the cost of the annual insurance policy that guarantees the renovation of homes. If the repair activity does not complete in 3 years, owners will be fined with €20,000.
  • The cots of restyling the houses range from €10,000 to €20,000.

Cinquefrondi’s Mayor, Michele Conia described the reasoning behind the Cinquefrondi Builds Beauty scheme and tried to convince people to buy houses by stating that:

Finding new owners for the many abandoned houses is a basic goal of the “Cinquefrondi Builds Beauty” project.

Too good to be true?

It is launched to recover degraded areas of the city. Despite being surrounded by the natural beauty of Aspromonte National Park and overlooking the Ionian and Tyrrhenian coasts, the urban scenery of Cinquefrondi is marked by houses in the best conditions.

Rising among the refreshing hills and two warm seas, a pristine river flows nearby, and the beaches are only a 15-minute drive away. But an entire neighborhood in my city is abandoned, with empty houses that are also unstable and risky.”

There are a total of 12 houses for sale in Cinquefrondi. However, there is a catch involved: people can buy a home if they accept the terms and conditions of the project. Moreover, tourists are not eligible to buy a house. Only people legally authorized to purchase property in Europe and those who wish to settle in the eerie yet beautiful town of Cinquefrondi qualify as eligible buyers.

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