A town in southern Italy is offering up to €30,000 to those who want to relocate there.
Presicce-Acquarica has been plagued by dwindling population and abandoned housing.
To entice new homeowners, the town has promised grants to those who purchase a home and register as residents.
Here’s what you need to know if you want to buy property in this lovely town.
Presicce-Acquarica is a municipality in Italy’s Puglia region that includes the towns of Presicce and Acquarica del Capo.
The small town’s population has been dwindling as residents have relocated to cities in search of better job opportunities.
The town council is now hoping to attract new homeowners by offering generous cash incentives.
The scheme’s details are still being worked out, but applications will be available on the town hall website soon.
Individuals or families must relocate their official residence to the southern Italian town in order to apply.
They must also purchase a home built before 1991, which accounts for approximately 30% of the town’s properties.
The town council’s grant will help to cover the cost of the purchase. The financial assistance can also be used to pay for renovations.
Prospective homeowners can borrow a maximum of €30,000.
Incentives are also being offered by the council to help combat the town’s aging population. The town will grant €1,000 to each newborn after only 60 births compared to 150 deaths last year.
Presicce-Acquarica is one of Italy’s most beautiful villages and is located in the Salento region.
The historic center’s streets are lined with ornate Baroque palazzi, and the main square is dominated by a lavishly decorated church.
The surrounding countryside is densely forested, and the high quality oil produced by these trees has earned the town the moniker “city of green gold.”
The Ionian Sea’s turquoise waters and the coastal towns of Gallipoli and Santa Maria di Leuca are only a short drive away.