This town is offering €100,000 to relocate and buy a property for €1: You’ll be living in one of the most beautiful places in the world – but under two conditions.

Italy has been struggling with an overwhelming number of tourists in recent years – visitor taxes have been introduced in Venice, and restrictions placed on the most visited attractions. However, despite these measures, the country still very much wants to attract people – but not as tourists, rather as residents.

Many smaller municipalities and villages across Italy have been offering properties for just 1 euro in recent years, in an effort to revive abandoned areas and increase the population. However, the beautiful region of Trentino in northern Italy has decided to take a different – and more generous – approach.

If you're drawn to vineyards, ski slopes, pristine lakes, and proximity to the Dolomites, it might be time to pack your bags – because Trentino is offering as much as €100,000 to those willing to relocate.

Currently, 33 towns are being considered for the initiative, and the Trento Regional Council has allocated €10 million over a two-year period to implement this project. The region’s president, Maurizio Fugatti, emphasized that this “experimental initiative” is designed to strengthen social ties and community life in this part of Italy.

Of course, there are a few rules. The money isn’t intended for carefree enjoyment of the Italian lifestyle, but strictly for the renovation of abandoned houses. Out of the total amount, €20,000 can be used for purchasing the property, while the remaining €80,000 is earmarked for renovation.

Also, you're required to live in the house for at least 10 years – or potentially rent it out at a “moderate” price – otherwise, you would have to return the funds received.

There are a few more restrictions. If you already live in the region and are under 45 years old, you’re not eligible to apply for this program. Additionally, the total renovation cost must not exceed €200,000, meaning you can invest a maximum of €120,000 from your own pocket – reports Nova.rs.