What if we told you that one euro is enough to invest in Italian real estate? Well, yes! Although this statement may seem absurd, it is the pure truth. Truth that will probably allow the real estate of the Italian peninsula to re-emerge. But let’s go in order, and try to understand what exactly “one euro to invest” means. And above all where ! The Volta’s Key, in fact, is given precisely by the place of reference. Defined as ”covid-free”. considered free of coronavirus cases. It was not the first Italian municipality to join this initiative, but, in this historical period, it deserves special attention. So, if you too wish to invest with only one euro … we can start!
The town of reference is that of Cinquefrondi , in the province of Reggio Calabria. An area that has seen profound changes over the years. In 2017 this project started . Due to a high rate of depopulation. The areas have been redeveloped with new buildings, which is why many houses have remained uninhabited. Others are in need of major safety measures. Most of the buildings are of great historical importance, and that is what got the initiative off the ground. On the one hand, the need to redevelop an area of great cultural interest, on the other, the desire of investors to return to the Italian real estate.
If you don’t believe in the existence of this project yet , here are the guidelines for adhering to it.
At the legal level, the project provides for the free termination of the houses (at the symbolic price of one euro) that have a location in the historic center of the municipality.
There are three main actors involved in this initiative. The owners, the buyers and the municipality (which will act as intermediary).
The commitment on the part of the actors is :
The Covid- free issue has increased interest in the project ” one euro to invest”. As we have anticipated, other Italian municipalities had already joined this initiative. But the success for this municipality is the Covid-19 emergency. Considering that the number of cases has been practically zero, many investors (especially Americans) have caught the ball!
What can I say, of necessity virtue !
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