This Sunny Southern Italian Town Offered To Pay People €30,000 To Move There. Whats The Catch?

The town is famous for its ‘green gold’ olive oil.

ADVERTISEMENT

Last year, a town in the south of Italy launched a scheme offering to pay people up to €30,000 to relocate there. 

Presicce-Acquarica has been struggling with a declining population and an increasing number of abandoned homes.

To help lure new homeowners, the town promised grants to people who buy a house and register as residents of the town.

The scheme is now closed to applicants, but here's how it worked.

How to get paid to move to Italy

Presicce-Acquarica - a municipality comprising the two towns of Presicce and Acquarica del Capo - lies at the southern tip of Italy’s Puglia region.

Like many small towns, it has been suffering a dwindling population as residents have relocated to cities in search of better job opportunities.

Last year, the town council launched a scheme to attract new homeowners with generous cash incentives.

To be eligible to apply, individuals or families had to move their official residency to the southern Italian town.

They were also required to invest in a house built before 1991, which is around 30 per cent of the town’s properties.

The cost of the purchase would be subsidised by the grant provided by the town council. The financial aid could also be used to cover the cost of renovations.

A maximum of €30,000 was available for prospective homeowners.

The council was also offering incentives to help combat the town’s aging population. After just 60 births compared to 150 deaths last year, the town granted €1,000 for every newborn.

Live in one of Italy’s most beautiful villages

Located in the area known as the Salento, Presicce-Acquarica is designated as one of Italy’s most beautiful villages.

The streets of the historic centre are lined with ornate Baroque palazzi and the main square is graced by a lavishly decorated church.

The surrounding countryside is filled with olive groves and the high quality oil produced from these trees has earnt the town its nickname of “city of green gold.”

The turquoise waters of the Ionian Sea and the coastal towns of Gallipoli and Santa Maria di Leuca are just a short drive away.

RECENT NEWS

Santorini Earthquakes: What Does It Mean For Holidaymakers Visiting The Popular Greek Island?

Santorini earthquakes: What does it mean for holidaymakers visiting the popular Greek island? Read more

You Learn To Live With Much Less: Why This Family Decided To Set Sail And See The World

‘You learn to live with much less’: Why this family decided to set sail and see the world Read more

Where Is The White Lotus Season 3 Set? Step Into Thailands Must-see Filming Locations

Where is The White Lotus season 3 set? Step into Thailand’s must-see filming locations Read more

Gastronomic Greats: Europe's Top Tourist Cities For Michelin-starred Dining

Gastronomic greats: Europe's top tourist cities for Michelin-starred dining Read more

Bouncers Hired To Control Crowds In Japanese City After Tourist Is Killed While Taking A Photo

Bouncers hired to control crowds in Japanese city after tourist is killed while taking a photo Read more

Dubai Is The World's Busiest Airport, But Is The Tourism Boom Begining To Strain The Affluent City?

Dubai is the world's busiest airport, but is the tourism boom begining to strain the affluent city? Read more