The French village of Saint-Amand-Montrond has put a house up for sale for a symbolic price of 1 euro. The condition is that you completely renovate the house and actually come to live in the village. Interested parties have until June 15 to register, after which the lucky person will be chosen.
Why is this important?
In recent years, articles have appeared in the media several times about houses costing one euro in southern European countries. This has been a trend, especially in Italy. This usually concerns dilapidated houses that you have to renovate. In this way, the hamlets want to prevent their population numbers from declining further.Saint-Amand-Montrond
The house for sale is located in the village of Saint-Amand-Montrond, population about 9,000 inhabitants, located in central France, about 45 km from Bourges. It is a house of 77 square meters, with a garden and a garage. It is a two-storey house with two bedrooms.
“There are many possibilities,” says Francis Blondieu, deputy head of urban planning in Saint-Amand-Montrond. Western France.
to sign up
Anyone interested in the house can register until June 15, 2024 Location of Saint-Amand-Montrond. You must submit a file there, which must show that you as a candidate meet a number of conditions.
- Interested parties must come to live permanently in Saint-Amand-Montrond for at least ten years. Those just looking for a second home or country retreat don't stand a chance.
- The new owner must completely renovate the house. Since it has been vacant for about twenty years, this will be a big undertaking. The municipality estimates that the cost of the renovation will be approximately 127,800 euros. If you can do some of the work yourself, the costs will of course go down. Moreover, you have the chance to win many subsidies and will be supported by the municipality.
option
In July, the selection committee will meet in Saint-Amand-Montrond to decide who can buy the property for one euro. Selection will take place around September and the sales contract will be signed in January 2025. After that, the new owner has another five months to start renovations. The works should be completed in July 2028.
- No one has registered at home yet. However, the municipality is confident that this will happen. In 2021, it undertook a similar initiative for another house, which received 90 registrations.
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