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https://www.freedium.cfd/https://medium.com/swlh/1-homes-in-europe-are-fine-but-theres-a-better-option-5a379176299c>
'€1 homes.
Chances are, you've heard about these. Whether on news reports, social media
posst, or online articles, €1 homes are a quick attention grabber.
And if, for whatever reason, you didn't stumble over these homes, I'll give you
a brief overview. The trend started in Italy, where cities, often with an
older, dwindling population, began offering vacant homes for just €1.
Cities and governments offering these deals required some kind of financial
investment in return for the nearly free home. In Italy, for example, after
purchasing the property you would need to obtain the necessary permissions and
contracts, begin renovations within two months, and pay some kind of
"guarantee." The guarantee would be money you'd receive back after the
renovation, so you might end up paying a few thousand euro upfront in exchange
for a front door key and the deed.
The lure of additional residents and outsider money spurred other countries
like Croatia, Greece, and Spain to offer similar opportunities. Even some
communities around Japan are selling abandoned properties for dirt cheap. These
neighborhoods believe it is better to essentially give the house away if it
means instant tenants and eventually upgraded homes, instead of letting the
house sit vacant for possibly years on end.
If you've ever wondered if these are good deals, if it's a viable option, or if
there are better alternatives, here's what you need to know.'
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
