The Sicilian town of Cammarata, well known as “the town of 1,000 balconies to the East” offers houses for free with intent to boost the economic development and urban regeneration. Cammarata is only a few kilometers from Valle dei Templi (Valley of the Temples) one of the most important archeological sites and outstanding examples of Greater Greece art and architecture.
The aim of this initiative is to lure new residents and to preserve its historic city centre.
Who can apply this project?
Foreigners and Italians, private or corporate in good standing with the current anti-Mafia legislation, with the regulation in force on welfare contributions and not subject to insolvency proceedings.
Obligations of the buyer
Buyers must commit to renovating their new house fully within three years, and must pay the town a deposit of €5,000 to secure the property that will be returned once the work is completed.
Moreover, buyers must also present a clear refurbishment proposal for the house in question.
In addition, the town will give precedence to young couples when selecting who gets the free homes, and that couples who move there and go on to have a baby even receive a €1,000 bonus.
Finally, new owners can transform the multi-story buildings into a private house, B&B, hotel, shops or even a restaurant.
How can we help you?
The Italian Lawyer offers legal assistance to potential buyers for:
- complete the property purchase indicating the relative expenses (notarial fees, registration, transfer, pilings, etc.);
- make a renovation plan for the building by acquiring all the necessary opinions within one year from the date of purchase.
If you are interested and would like to receive further information, please send an email at email@example.com. Our lawyers in the Real Estate Team are uniquely placed to approach all your questions with efficiency and great commitment.
For new 1 Euro opportunities (Nov 2022), please Click HERE