Applications Are Now Open For This Little Town Selling For 1 Euro

A little town in France is available to be purchased, however at a token price. The abandoned French town that went viral is being sold for about one dollar, which is often considered a symbolic price.

The place of these plans is to draw in purchasers and assist with turning around the shrinking populaces. Towns in Italy have done it a few times and now a humble community in France is in search of a second run at their own $1 home program.

A house with 828 square feet for sale in the French town of Saint-Amand-Montrond costs 1 euro, or $1.07 USD. It’s a two-level house with two rooms and one and a half washrooms. The property also includes a patio and a carport, as per Ouest France, and is situated in the downtown area of the unassuming community.

This house needs massive renovations. It hasn’t been used for 12 years, and the sellers thinks that renovating it will cost about $136,180 USD.

Intrigued homebuyers ought to also be ready to move to Saint-Amand-Montrond ultimately.

According to Francis Blondieau, deputy in charge of urban planning, in an interview, the town of approximately 9,000 people is looking for the house’s new owner to be “a serious candidate who has a life plan in Saint-Amand-Montrond, who really wants to settle there.”

This system aims to revitalize the city center, reduce the number of vacant homes, and encourage the renovation of old buildings.

The application period began on April 1 and runs through June 15. Those keen on applying should incorporate renovation designs and point by point information about funding in their application bundles.

Although it is not required, applicants should include a cover letter outlining the property plan with their application. The buyer’s ability to build a life in Saint-Amand-Montrond for many years to come is important to the town.

The application states that the property cannot be used as a second residence or rented out. The town maintains that somebody should reside in the home for no less than 10 years.

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The property is open to prospective buyers beginning on May 15. The town hopes to sign the deeds in January 2025 and select the new homeowner by September.

Renovations must begin within five months of signing the deed and be finished by July 2028.

The selected buyer will be eligible to apply for financial assistance to renovate the property; however, the application must meet a number of requirements, including employing local artisans.

It’s the second time Saint-Amand-Montrond has done this. The first was in 2021, and over 90 people applied. Eventually, it went to a family that never saw the property face to face, the French paper revealed. They are on track to finish their renovations by 2025.