1 euro homes in Pignone: the Ligurian municipality also launches the initiative

1 euro houses in Pignone
1 euro houses in Pignone
8 September 2021, Redaction

The number of Italian municipalities launching the project to sell houses for 1 euro continues to grow. Now, Pignone in Liguria is about to promote its selection of 1 euro homes. Even though applications are not officially open, many expressions of interest have already arrived to buy properties to be renovated. Let's find out more.

As has already happened in many other Italian municipalities, in Pignone, Liguria, the local council has decided to focus on the sale of houses for 1 euro in order to secure the historic centre from possible building collapses. This is due to the state of abandonment in which several buildings stand, something which currently presents a danger for the public.

There are currently several abandoned buildings in the historic centre of Pignone. For this reason, the municipality has decided to launch an initiative to sell houses for 1 euro, acting as an intermediary between house owners and buyers, so as to remove a 'burden' from those who, despite being owners, have no interest in the houses in question.

This programme will therefore make it possible not only to make the historic centre safe, but also to save it from becoming run down, a serious risk if no action had been taken. Moreover, Pignone (in the province of La Spezia) has only 500 inhabitants (approximately) and, with this initiative, the council is also aiming to attract new residents and not simply buyers interested in a holiday home. This may even include those who want to invest in accommodation, shops or restaurants in the town.

As mentioned, the properties have not yet been published but should be available by the end of September, according to the council. The first round of houses for sale at 1 euro will include about 20 properties. However, there has been no shortage of expressions of interest from potential buyers, almost 3,000 since May, many of which (practically half) come from abroad.

However, there will be some rules for those who want to buy a house for 1 euro in Pignone. Anyone buying a house for 1 euro in Pignone will have 6 months to present their project and 3 years to carry out renovation work. In addition, a deposit of 5,000 euros must be paid to the municipality for work up to 50,000 euros, and 10,000 euros for work that will cost above that amount. The deposit will be returned when the renovation works are finished and completed as planned.

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