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This Italian town will pay you $46,500 to move there

Tamika Seeto
·Finance Reporter
Updated ·2-min read
Presicce Italy.
A small town in Southern Italy is offering thousands of dollars to people who move there. (Source: Getty)

Have you ever dreamed of packing up your life and moving to Italy? Well, now’s your chance, with one small Italian town offering to pay people a whopping $46,500 (€30,000) to move there.

The picturesque town of Presicce in Puglia, located in the boot of Southern Italy, is making the payment to people who buy an empty dwelling in the town and take up residency.

These houses start from around $38,700 (€25,000), or about $775 (€500) per square metre.

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"There are many empty homes in the historical centre built before 1991, which we would like to see alive again with new residents," local councillor Alfredo Palese told CNN.

"It is a pity witnessing how our old districts - full of history, wonderful architecture and art - are slowly emptying."

Presicce in Puglia.
The picturesque town of Presicce could be your next home. (Source: Getty)

The total funding would be split in two, Palese said, and would go partly towards buying an old home and partly into renovating it if needed. To qualify, home buyers would need to live in Presicce and purchase one of the eligible properties built before 1991.

Details of the scheme are still being finalised and more information will be available on Presicce’s town hall website in the coming weeks.

Presicce in Puglia.
The scheme is part of an effort to combat depopulation. (Source: Getty)

The scheme is part of an effort to combat depopulation, with the town also offering payments for new parents. Presicce merged with nearby town Acquarica in 2019 and now has a total population of around 9,000 people.

Presicce is the latest Italian town trying to lure in new residents. The idyllic island of Sardinia is also offering 3,000 people $23,200 (€15,000) to buy or renovate a home and live there full-time.

In the region of Calabria, new residents have been promised payments of around $43,300 (€28,000), while the village of Santo Stefano di Sessanio has offered people up to $12,400 (€8,000) to move there.

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