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The lively town of Cinquefrondi is located in the hills of the province of Reggio Calabria. Cinquefrondi is approximately 70 km southwest of Catanzaro and about 50 km northeast of Reggio Calabria. It is pretty much equal distance to both the Ionian and Tyrrhenian seas of the Mediterranean.
The mayor, Michele Conia has decided to ensure life stays in the historic centre. Therefore, to encourage enhancement, recovery and repopulation of the historic centre, the Comune (council) is promoting the “1 euro houses” project. This allows for the sale of old and neglected buildings located in the historic center.
HOW DOES IT WORK
The owner agrees to sell the properties at the symbolic price of 1 euro.
The buyers will have to renovate the property to a safe level in 3 years and bear the notary fees.
The Comune guarantees the speedy release of the approvals for the renovation of the property.
More information can be found here
We can help you navigate the process for this amazing opportunity to own a home in Italy and also manage the renovation on your behalf.
Please note: the images on this page reflects the area of Cinquefrondi and does not show all properties for sale for 1 euro.