Croatian town called “Legrad” is selling houses for 16 cents right now
In the United States, the coronavirus pandemic has caused house prices are skyrocketing, leaving many hopeful homeowners unable to purchase their dream home.
Other countries seem to have the opposite problem: they cannot get rid of real estate quickly enough. After $ 1 houses in Italy and the towns of Japan gives houses for free, Croatia is the last destination to have practically begged people to settle there.
Legrad, a small rural town in Croatia with a population of around 2,000, hopes to attract residents by selling houses for a single Croatian kuna, about 16 cents. The warning ? You will need to commit to 15 years.
Legrad was once a bustling cityâReuters reports that it once had the second largest population in Croatia, but that it has seen a massive decrease in the number of inhabitants since 1918, when the Austro-Hungarian Empire collapsed and new borders were put in square. People moving more and more to more urban cities haven’t helped either, and its population is currently about half of what it was 70 years ago.
In an attempt to fight against the decrease in its population, the city put up for sale 19 abandoned houses and empty lots for 16 cents last year, with only a grip on the left, reports Reuters. Most are repairmen, to put it mildly, but the city is going Pay buyers approximately $ 4000 for renovations.
To get hold of one of these homes, buyers must be âfinancially solvent,â according to Reuters, be under 40 and be prepared to stay for 15 years.
The city’s mayor said the initiative has generated a lot of interest in remote places like Argentina, Colombia, Russia and Turkey. However, he tries to keep things local for the time being in order to avoid tricky immigration issues. But who knows, a 16-cent house and bucolic life in the Croatian countryside might soon be in your future.
h / t Reuters