1 euro homes in Platania: an initiative by the municipality in Calabria

Platania, a small town in Catanzaro province, has introduced a scheme to sell houses for a nominal fee of 1 euro. Benefiting from its advantageous position - nestled between Monte Reventino's slopes and Sant'Eufemia Gulf's coastline - Platania aims to revive its old town and entice new residents and investors.

An appealing aspect of the plan is its proximity to Lamezia Terme and the city's international airport, just a short 10-15 minute drive away.

Reasons to consider purchasing a 1 euro property in Platania

While many Italian "1 euro house" initiatives face issues like isolation and inadequate infrastructure, Platania differentiates itself with its strategic location.

Prime positioning

The town is conveniently situated near:

• Lamezia Terme International Airport;
• the main railway station;
• the highways connecting northern and southern Calabria.

Proximity to nature and the sea

Within a short drive, residents can enjoy:

• the charming chestnut woods of Monte Reventino;
• the stunning Tyrrhenian Sea beaches.

High quality of life

Platania offers a traditional southern Italian village ambiance:

• fresh mountain air;
• mild microclimate;
• renowned local mushrooms and natural springs;
• a peaceful lifestyle away from the tourist hustle.

Steps to acquire a 1 euro property

The Platania municipality releases a catalog of available properties on the official administration website. There, interested parties can access:

• photographs;
• technical details;
• building blueprints;
• property conditions.

As these are private homes transferred to the municipality, the property list is regularly updated. Hence, it is advisable to directly contact the mayor's technical department or check the latest announcements on the municipal register.

Key terms of the initiative

This program is not a typical real estate sale but a scheme to renovate abandoned historic structures and reinvigorate the town.

Buyers must adhere to specific requirements:

Compulsory refurbishment

A restoration proposal must be submitted, typically within 6-12 months post-purchase.

Strict renovation deadlines

Renovations are generally expected to conclude within 3 years.

Expenses and assurances

The buyer is responsible for all related costs, including:

• notary services;
• property registration;
• taxes and administrative charges.

Additionally, a bank guarantee or deposit may be necessary to confirm the buyer's commitment and renovation completion.

Focusing on the repatriation of emigrants

The city council actively promotes the project internationally.

Platania has historically experienced significant emigration, making the initiative appealing not only to foreign investors and those interested in Calabrian properties but also to descendants of former residents scattered worldwide.

The objective is to breathe new vitality into the old "ancestral homes" and repopulate the historic center.