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The Dark Truth of Why Italy Is Giving Away Free Houses
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maybe you've seen these headlines towns
all across Italy are giving away houses
for literally one Euro or they will even
pay you thousands of dollars to come and
live there but while this has been a
popular feature in the Travel section of
news websites It hides an important
question why are they doing that and why
would a country like Italy need to pay
people to live there well if you look
deeper this seemingly funny news story
reveals what life in Italy is like today
because while we tend to see Italy as an
idyllic Place Italians themselves might
disagree and beneath the surface there
is a grim economic reality that is
slowly becoming more and more obvious so
why is Italy paying people to move there
why are there so many empty houses and
why is all of that really bad news
while it used to apply only to remote
Mountain Villages now it's a story
that's repeated all over Italy in all
parts of the country and in towns of all
sizes there are millions of empty homes
and the number is rising every year and
many of them are beautiful historical
houses in some of the most picturesque
parts of the Italian Countryside houses
that are literally part of Italy's
cultural heritage that's why in order to
save them towns across Italy have been
launching so-called one Euro schemes
basically the towns offer the empty
homes up for a sale usually aiming to
attract Foreigners for the symbolic
price of one Euro meaning that the
houses are basically given away for free
they do come with some conditions and
usually the buyers are required to
contractually agree to spend a certain
amount of money on renovation since most
of the houses have been empty for quite
a while but even so the cost of the
renovation is quite low and it's usually
between 20 to 30 000 Euros and so while
a potential buyer gets an extremely
cheap property the local town has one
less crumbly house to worry about but
while that's where the articles about
this usually end this is where the
really interesting part begins because
the real question at the bottom of this
is why are there millions of empty
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