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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 .

An Italian city has become the first to sell homes for just € 1 after rural villages started similar schemes in a bod to get people to move to the area. Taranto has become the first large-scale area to offer run-down houses cheaply in the hope of breathing new life into the hollowed out conurbation.

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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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

The city of Taranto , located in the "heel" of Italy , is joining a number of Italian towns that are selling While most of the places selling the heavily discounted homes so far have been tiny towns and villages in relatively remote areas, Taranto is the first city taking part in the stunt according to The Local.

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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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

The city of Taranto , located in the "heel" of Italy , is joining a number of Italian towns that are selling off € 1 homes in a bid to boost the size of its population. While most of the places selling the heavily discounted homes so far have been tiny towns and villages in relatively remote areas, Taranto is the

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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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.

HAVE you always fancied owning a home by the sea? Well, now you can – and you'd only have to While most of the places selling the heavily discounted homes so far have been tiny towns and villages in relatively remote areas, Taranto is the first city The coastal city of Taranto is selling 1 € homes .

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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Offering a fantastic range of ancient buildings and monuments and beautiful white sand beaches, Taranto is a beautiful and interesting Here are the best things to do in Taranto Undoubtedly one of the finest sights in Taranto , the Aragonese Castle stands in the south east corner of the island of

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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Bisaccia, latest town in Italy selling $1 homes, has a twist .
Bisaccia, in the southern Campania region, is putting 90 dilapidated buildings on the market. Find out how its offer differs from some of the other $1 home sales in Italy.But the latest town to offer tumbledown houses priced at just over a dollar wants buyers to bring it with them -- encouraging families or groups of friends to buy multiple properties.

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