French town offers houses for 1 euro: who can get one and the conditions.
In a small French town of Ambert, there is a program that allows you to buy a house for a symbolic amount. Ambert is located in the Puy-de-Dôme region and is suffering from a declining population. Therefore, local authorities decided to launch a five-year plan aimed at attracting new residents to a population of 6,500.
Forbes: 'A house for 1 euro is part of the government plan to give the town a 'second breath'. New owners will have to renovate the property and live in it for at least three years.'
Buyers who purchase a house for a symbolic price are required to carry out the repairs and restoration of the property themselves. However, grants and subsidized loans from the authorities can be expected to help.
Such measures aim to restore and develop the town, as well as to promote the region among foreign citizens.
Recently, similar initiatives have become popular in the tourism world, encouraging people to move and settle in picturesque places.
The public program in France that allows you to buy a house for 1 euro in Ambert is aimed at restoring the population and developing the region by attracting new residents. This initiative corresponds to the overall trend worldwide to promote the social and economic development of cities and rural areas by stimulating migration and renewing the housing stock.Read also
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