Don’t Miss This Opportunity: A Town in France Sells a House for Just €1
A TOWN in France is selling a house for just €1 (85p), for anyone looking for a move to the European country. Located between Paris and Lyon, Saint-Amand-Montrond has become the latest European town to offer homes to people for an incredibly cheap price.
The French Property Deal
The French town is selling a two-bed property, complete with a living room, kitchen, downstairs toilet, two bedrooms, and an upstairs bathroom for just €1. The cheap property also comes with its own courtyard and a garage.
Renovation Costs
While it may sound like a good deal, there’s a pretty hefty catch to buying the property. Because the French house hasn’t been lived in for 12 years, it will require substantial renovation to the tune of €127,800 (£109,000). François Blondieau, the town’s deputy for urban planning, mentioned that the town would offer “significant subsidies” towards the renovations.
Purchase Details
Anyone thinking about snapping up the French house will need to apply to purchase the property by June 15, 2024. The successful applicant will be expected to sign the deeds in January 2025. Those Brits who are thinking about snapping up the small house as a holiday home may want to think again, because the town is only after permanent residents. The homeowner will be required to live in the property for at least a decade.
Nearby Attractions
Saint-Amand-Montrond is just a 40-minute drive away from Bourges – a French city known for its half-timbered buildings. The French city also offers attractions like Bourges Cathedral, built at the end of the 12th century, and Palais Jacques-Coeur, a large hotel that was once a palace. Both easyJet and British Airways operate direct flights between the UK and Lyon, with prices starting from £30 for a one-way ticket.
Other Cheap European Homes
Earlier this year, a tiny town in Croatia announced it was selling houses for just 11p. Home to just 2,000 locals, Legrad launched the initiative to boost its dwindling population. Applicants must be under the age of 45 and be in a relationship, either married or otherwise. Buyers also can’t have any criminal record or own any other properties. Legrad mayor Ivan Sabolić stated that “A total of five houses ready for occupancy have been sold.”
Italy was one of the first to launch a cheap house scheme – here is everything you need to know about their €1 houses. One Brit who bought a €1 house has raved about the scheme, saying he visits every summer. Another woman said her home could be worth as much as £500k after the renovations.
In Spain, a number of towns will pay you to move there, such as Ponga, which will give up to €6,000.