For several years, countries around the world have been selling abandoned or dilapidated properties for around $1, often a symbolic price. The plans are designed to attract buyers and help reverse the shrinking population. Italian towns have done this several times, and now a small town in France is launching its own $1 family program for the second time.
french town saint amand montron An 828 square foot house is for sale for €1 or $1.07. It is a two-story house with two bedrooms and one and a half bathrooms.According to reports, the property also includes a courtyard and a garage. western francelocated in the center of the town.
Like some other deals in Europe, this house needs serious work. It has been unoccupied for 12 years, and the town estimates the renovation cost to be about $136,180.
Interested homebuyers should also be prepared to eventually relocate to Saint-Amand-Montroon.
Francis Blondieau, deputy in charge of urban planning, said the town of about 9,000 people was looking for a new owner for the house, “a serious candidate who has one in Saint-Amand-Montroon” life plan and really want to settle there”. , Tell western france.
“The system is designed to encourage the conversion of older buildings, reduce the number of vacant homes and most importantly revitalize city centres,” he said.
Applications open on April 1st and close on June 15th.
Saint-Amand-Montroon is located in central France with a population of approximately 9,000 people.
Alain Chaucard | AFP | Getty Images
Although it is not required, Brondiau told the French newspaper that he recommends sending a covering letter with your application detailing plans for the property. The town values the ability of buyers to create a life in Saint-Amand-Montron for years to come.
Anyone wanting to use the property as a second home or as a rental would be turned away, according to the application. The town hopes someone will live in the house for at least 10 years.
“Our goal is to get the new owners involved in the community,” Brondio said.
Potential buyers can view the property from May 15.
After the deed is signed, renovations must begin within five months and be completed by July 2028.
Selected buyers will be eligible to apply for financial assistance to renovate the property but must meet several criteria set out in the application, including using local craftsmen for the work.
This is the second time Saint-Amand Montron has done this. Blondieau told France Ouest that the first time was in 2021, with more than 90 people applying.
Eventually, it ended up in the hands of a family who had never seen the property in person, French newspapers reported. Their renovations are expected to be completed in 2025.
The U.S. dollar exchange was completed on April 22, 2024, using the OANDA exchange rate of 1.07 U.S. dollars for 1 euro. All amounts are rounded to the nearest dollar.
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