Several countries in Europe announced a series of special programs to sell houses at very low prices in view of the fact that buildings are abandoned. The prices seem like a joke, but what these owners are requesting is that the person who buys the property takes charge of the place and that those who live in other places move.
One of the places that joined this initiative is the French city of Saint-Amand-Montrond, which has gone viral in recent days among Internet users.
This little French neighborhood, is offering the sale of a house of around 253 square meters, two levels, two bedrooms, patio, garage and one and a half bathrooms for only one euro, that is, just over 1 dollar, approximately $3,900 making the exchange to Colombian peso as of April 27.
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According to the medium Western France, the house is located in the center of the city. Although, before you rush to submit your application you have to know what the condition is behind this offer.
The first thing to note is that this property is in need of extensive remodeling, in fact it has not been lived in for the last twelve years.
Before you want to approach the French authorities with a euro in hand, consider that the city estimates that the total renovation will cost around US$136,180. Which means that they must take charge of the renovations, and at the same time they must demonstrate that they plan to live in this little town.
The local authorities are looking for home buyers interested in investing in the town and remodeling the house to make it their home.
This city has a population of approximately 9,000 inhabitants and its administration is currently working on a renovation project for old buildings to reduce the number of empty homes and transform the city center.
If you are interested in the offer, the first thing you should do is submit your application online through the town’s website (deadline is June 15, 2024).
The application must include a detailed plan of the renovations you will make to the property, You must also explain how you will finance the adaptations to the home.
Please note that applications intending to convert the property into a weekend residence or rental option will be rejected.
The property deeds are expected to be signed at the beginning of next year (2025) and for the new owner to take possession of the house.
This will then have a period of five months to begin the renovations, which must be completed no later than June 2028.
Another destination on the old continent that you can target is the city of Legrad, located in the north of Croatia. Since 2018, the government of that region has launched an annual house sale plan with which you can purchase a home with only 13 cents. of dollar.
According to him Cnbc channelIn 2024, another batch of houses will be offered in the European country for only 13 cents and to be able to acquire one of these homes it is necessary that you do not have any other property, although the government did not specify if this includes only national properties or if it also includes includes houses located in other countries.
Those interested in buying a house in the European country They would have the benefit that the city would be responsible for covering 20% of the price or up to $5,056 in repairs.
