Foreign Property News | Posted by Shwe Zin Win
If you are looking to scoop up a quaint house in a postcard-perfect Italian town, you can commit to making your dream a reality for just €1. Yes, you read that right! Cinquefrondi, overlooking picturesque coasts in the southern area of Calabria, is selling homes for just €1 (roughly SG$1.60).
This under-the-radar Italian town is a stunning alternative to tourist hot spots like Rome and Tuscany. It is surrounded by the ruggedly beautiful Aspromonte National Park that rises majestically from sea level. Its coastline spools out a staggering 500 miles encompassing the Ionian sea. Long stretches of white sands and warm, turquoise water are easily accessible.
Aside from its surroundings of the precious natural landscape, the town highlights its COVID-free status. Cinquefrondi has reported zero coronavirus cases among its residents as the disease cuts a swathe through other countries – adding to its allure.
The purpose of this €1 home deal is to reverse a trend of rural depopulation brought about by younger folks deserting their homes in search of better opportunities in big cities.
Mayor Michele Conia has named the task “Operation Beauty” befitting of its sheer rapture.
“Finding new owners for the many abandoned houses we have is a key part of the Operation Beauty [mission] that I have launched to recover degraded, lost parts of town,” Conia tells CNN.
While other towns have attracted buyers with the promise of cheap homes, they usually require a deposit of €5,000 ($7885 SGD). The down payment will be forfeited if buyers are unable to complete renovation within three years.
Cinquefrondi is working out a more attractive arrangement to stand out from the pack.
Ref: Tripzilla, outdoor revival
