Comune di Sant’Elia a Pianisi and 1 Euro House. A Small Place with a Big Heart
We love following how small Italian villages are opening up new opportunities through the 1 Euro House program. Some of them become real discoveries for buyers from the USA or the UK, as has happened with the 1 Euro House program in Pianisi.
What do we know about this?
If we look at the map of 1 Euro houses, we notice that this is not the first project in Molise and Abruzzo, which means that the programs are successful and the houses are finding their new owners.
According to the authorities, the program is being conducted to renovate the historical part of the village, restore its historical functions as a center of life, culture, and activity, promote the settlement of new families, and create commercial and social facilities.
Conditions for the 1 Euro House program in Pianisi
Distribution will be carried out within 30 days after the publication of the announcement of the availability of the property for sale on the website. In the absence of offers, the procedure will be repeated every two months.” This means that some properties may appear gradually, and they need to be monitored on the official website. If a property is not sold, the auction will be repeated every two months. (This distinguishes Pianisi from other villages where such auctions are held, for example, once a year or once every few years.)
At the same time, a points system is being introduced to determine the winner:
This means additional points are awarded if this is your primary residence, or if you commit to completing the house renovation in less than 3 years and using the local workforce.
The buyer also agrees to:
- Bear all costs, including those associated with the normal property transfer process (notary fees, taxes, registry changes, inheritance issues, including delayed ones, possible sanitary measures) and reimburse the seller for expenses incurred during the period the property was provided to the town (taxes and fees, local and state);Attention! Note the above point! It may imply hidden costs. That’s why we recommend visiting the house before purchasing – it can protect you from unpleasant surprises.
- Conclude a purchase agreement with the private seller and provide a bank or insurance guarantee, as specified in the following point, within 2 (two) months from the approval of the property transfer acts by the Town.
- Develop and submit to the competent Town Office a project for the reconstruction, restoration, preservation, or renovation of the acquired property in accordance with current legislation and the chosen designation, within 6 (six) months from the signing of the purchase agreement with the seller.
- Begin the work no later than 12 (twelve) months after obtaining the building permit or a similar document according to the law, and complete it no later than 3 (three) years from the date of the contract.
- Enter into a special bank or insurance commitment within the period specified in point D) in favor of the Town of Sant’Elia a Pianisi in the amount of 5,000.00 euros (FIVE THOUSAND), for a period of 4 (four) years, with the possibility of annual renewal at the request of the Town in case of extensions, as a guarantee of the fulfillment of obligations.
Now it is important to understand: Are these conditions favorable?
Our answer is: these are not the best conditions! For our subscribers, we offer a unique table that shows where buying a house for 1 euro is most advantageous and where the municipality is most accommodating to the buyer. This is crucial if you do not want to lose your money. This table also contains all the links to the official websites where the 1 Euro House program will take place in 2024.
For our subscribers, we provide this table for free, and we can say it is indispensable if you want to see the whole picture. We also recommend you to read this article as it contains 4 useful and free files. You can read about how to buy an inexpensive house in Spain here.
To learn more about Comune di Sant’Elia a Pianisi, we recommend watching the video:
Atmospheres and festivals in Molise and Comune di Sant’Elia a Pianisi