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Travel Taranto is the first Italian city to offer $1 homes

14:15  31 january  2020
14:15  31 january  2020 Source:   cnn.com

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A city has become the first in Italy to join a scheme offering homes for just € 1 . Taranto , a coastal city in the south that sits on the western edge of Italy ’s “boot” heel, has joined the ranks of villages that have already signed Taranto old town ( Getty Images/iStockphoto ). Italian city to sell homes for € 1 .

T he trail was blazed by hill-towns and villages across the country but now, for the first time, an Italian city is offering its abandoned palazzi for the nominal sum of € 1 (85p). Taranto , in the deep south of Italy , hopes to breathe new life into its picturesque but dilapidated old town

It's an alluring trend that's captivated the world: the promise of a place of your own, nestled deep in the Italian countryside -- for the astonishingly cheap price of just one euro, or a little over a dollar.

a tall building in a city: Italy. Apulia. Taranto. The City Hall Viewed From Aragonese Castle. (Photo by: Valletta Vittorio/AGF/Universal Images Group via Getty Images)© Valletta Vittorio/AGF/UIG/Getty Images Italy. Apulia. Taranto. The City Hall Viewed From Aragonese Castle. (Photo by: Valletta Vittorio/AGF/Universal Images Group via Getty Images)

From the picturesque mountain village of Ollali on the island of Sardinia to the Sicilian community of Cammarata, there are several savvy Italian destinations who've got in on the action.

Now the first city has joined the club.

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A city has become the first in Italy to join a scheme offering homes for just € 1 . Taranto , a coastal city in the south that sits on the western edge of Italy ’s. The key to the city ’s rebirth is the historic centre, says Ms Viggiano: “It is the nucleus from which Taranto must start again. We no longer want

Tempted by the recent offer of an Italian home for just over a $ 1 ? Buy a villa in this Italian city for one euro. Now one town in the country is offering foreigners ,000 to move there. Another says it will even pay newcomers more than $ 1 ,000 per child to make babies.

Taranto, a port on the coast of Puglia in the heel of Italy, has seen its population dwindle in recent years, and city officials want to reverse its fortunes. Taranto's city hall is seen in the above photo by Valletta Vittorio/AGF/Universal Images Group via Getty Images.

Taranto's heritage councilor, Francesca Viggiano, tells CNN Travel that the city will start offering up council-owned buildings in the city's Old Town for the tempting price of just one euro.

As with previous offers, buyers must commit to renovating the properties, a process likely to cost thousands more dollars.

The hope is to save dilapidated buildings and build up the population. There are currently 15 buildings ready to be snapped up -- with the listings due to go live in a couple of weeks. There's the potential for more buildings to be put on the market.

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Would you like a rustic home in a village near the Amalfi Coast? How about a stone farmhouse in the heart of Sicily? Take your pick, because these properties If you’ve long dreamed of living in Italy , now is the perfect time to take the plunge. While property prices across Europe continue to rise, the prices

The appeal of Taranto

a castle surrounded by a body of water with Acre in the background: The coastal city of Taranto, Italy, home to the impressive Castello Aragonese, pictures, is offering up homes for a little over $1© Paolo Manzo/NurPhoto/Getty Images The coastal city of Taranto, Italy, home to the impressive Castello Aragonese, pictures, is offering up homes for a little over $1

The southern Italian region of Puglia is celebrated for its culinary delights, stone architecture and dramatic coastal towns, but the area is much poorer than tourist magnet Tuscany.

Taranto is known for its large steelworks, which has come under scrutiny due to polluting emissions and a controversial fight over the plant's future -- if it were to close, it would likely have a significant impact on the economy of the city.

Viggiano says the one euro home campaign is just one aspect of the city's tourism-led revivial.

"We have a big port and the cruises are coming back to our city, so it's a big transition plan that takes in everything -- investment, tourism. It's kind of a new life for the city."

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- Taranto is the main city of its own county. An ancient history, one of the first greek colony and, around 500 BC, one of the largest Taranto is known as “The Spartan City ” because it was the only colony ever founded by Sparta, in 706 BC. Currently it’s the third largest city in continental South (not

Local officials are offering to aid any new owner with grants that range from 20 to 60 percent of the total renovation's cost. Ollolai is the latest Italian city to turn historic property into 1 -euro homes. However, these $ 1 homes are usually reserved for local entities of government or nonprofit agencies

Plus, she says, the balmy "always spring" weather is very appealing.

a group of people walking on a city street: Taranto is located in Puglia, in southern Italy.© Shutterstock Taranto is located in Puglia, in southern Italy.

Taranto's most striking building is the Castello Aragonese, an imposing fortification built in the 15th century.

Also worth checking out is the Temple of Poseidon, dating from the 6th century BCE, which provides an intriguing glimpse into Taranto's former life as an ancient Greek colony.

Viggiano says Taranto wasn't directly inspired by the other €1 villages -- but the campaign definitely seems to be in the same vein.

Restoration, for example, must take into account the architectural style and aesthetic of existing buildings.

"In Italy we have very strict rules about architecture and historical places from the central government," says Viggiano.

In November 2019, CNN Travel caught up with a couple of Italy's "€1 citizens," including Morgane Guihot, who bought a crumbling property in Mussomeli.

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Guihot says she and her husband were "lured by the attractive bargain prices" and fell under the spell of the Sicilian village's charm.

So far, there's been widespread interest in the Taranto properties. Viggiano says there have been inquiries from eager would-be buyers in South America, North America and all over Europe.

And is she surprised by the response?

"We would say yes and no," says Viggiano. "We knew that the idea was a revolutionary idea and, of course, we would have multiple interest. We couldn't imagine all over the world."

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