The ” Houses for €1 ” project has become a trend in the global real estate market. For those who are not familiar with this initiative, it consists of putting houses on the real estate market for free as long as the buyer respects certain conditions. Such as the obligation to renovate the house. This phenomenon has spread very quickly throughout Europe, to the point that even the main European capitals have devoted special attention to implementing this project.
Italy, France, Croatia and now also Greece have been the main protagonists of this initiative. An ambitious project, combining the need to redevelop areas of historical interest with a demographic increase in the selected areas. Today we will find out how an island in Greece has decided to embrace this project and what contractual obligations are involved. So, if you are interested in moving to Greece, this is the column for you!
So, if you are ready, we can start today’s column!
The island in question, the protagonist of this project, is Antikythera. Like all Greek islands, it is characterized by the presence of a natural environment of undisputed beauty. The island is not very famous in the Greek tourist circuit. It is for this reason that it has only 50 inhabitants in the only inhabited centre. That of Potamos.
It is therefore not surprising that one of the main requirements for signing the contract is to move to the site.
Unlike in other European countries, the contract for buying a house in this centre does not include any payment. You can obtain the property for free. Provided the same conditions are met. In addition to the immediate transfer, the second clause is that of renovating the entire property.
Has this initiative aroused interest? Apparently the answer to this question is positive. Despite the critical period that the whole world is experiencing, it seems that 5 families have already moved to the island. This is also thanks to the presence of the oldest analogue calculator in history in the city centre. An object that has been particularly popular with lovers of Greek culture and history in general.
We remember that Greece, is also famous as ” the cradle ”of one of the main populations who wrote the international history . This is why, every year, it hosts many young people or pensioners who decide to spend a limited or indefinite period of time on the island.
For those interested in buying a property without any conditions, Greece offers countless possibilities. Even under 20.000 €. So, at a time when it is worthwhile to invest in real estate, we suggest you to have a look at our portal Realigro, in order to discover the numerous investment opportunities in this wonderful land!
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