February 26, 2024

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Small town in Croatia offers houses for 13 cents – Terms

Small town in Croatia offers houses for 13 cents – Terms

A town in northern Croatia is offering houses for 13 cents so that more people can settle in the Legrand area. This price is incredibly low because it does not even reach 1 euro.

It is an initiative that began in 2018. The small town, with a population of about 2,000 people, was the second largest population center in Croatian territory. It borders Hungary and has seen a steady decline in its population since the collapse of the Austro-Hungarian Empire in 1918.

In January, government officials announced they had homes ready to sell for just 13 cents. However, in such a tempting proposal there could be no trap.

Specifications for applications

To be eligible to purchase one of these homes, applicants must be under 45 years old, married or in a common-law relationship and have no criminal record. Also, anyone looking to move to LeGrand cannot already own property, although officials have not specified whether that applies to properties in Croatia or elsewhere in the world. Most importantly, of course, they must commit to staying for at least 15 years.

What has changed since then?

Local Croatian media HRT reported that since the program began in 2018, there are more children today than five years ago, and as a result, they are building a new kindergarten.

“A total of five homes have been sold ready to move in. Three families have already settled, and what makes us happy is that the three families welcomed a new member during their move. This has led to an increase in the number of children in day care,” Ivan Sabulich, mayor of Legrand, told HRT. “.

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In 2021, Legrad put 19 empty houses and abandoned building sites up for sale for one kuna, the Croatian currency at the time. Seventeen were sold, according to Reuters. Each house was in a different condition and dilapidated, and to help, the municipality said it would pay 25,000 kuna (about $3,558) to make any necessary renovations.

For new residents who want to buy a home, the city has offered to cover 20% of the price, or up to 35,000 kuna (about $5,056). It is unclear whether the city will offer the same incentives this time.