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Italian village takes advantage of Trump's inauguration to promote 1 euro housing to attract American immigrants

Publish Date:2024-11-23

Olole Village, Sardinia, Italy, launched the event of selling dilapidated houses at a price as low as 1 euro to attract potential immigrants from the United States when Trump was elected as the President of the United States, which triggered some Americans to consider leaving the United States. It introduced a variety of accommodation options it provided and a large number of applications received from the United States. At the same time, it mentioned that the Italian "1 euro house" plan was being implemented in many places. The Sicilian case showed that the actual purchase of such houses was more than 1 euro and there were additional requirements. It also described the economic vitality and industrial development promotion effect of the plan on the local economy. The article involves data such as 38000 housing applications received in Olole Village, the cost of purchasing a house in Taborn, and a 3000% increase in tourism revenue in Musomeli Town.

In response to population and other related issues, some regions in Italy have launched distinctive housing sales programs. Especially during the recent US election results that have caused many reactions, the village of Olole in Sardinia has taken this opportunity to take action and attract potential immigrants from the United States. The relevant situation and its underlying impact are worth exploring in depth.

1、 The measures taken by Olole Village to attract potential immigrants from the United States

(1) Background and Opportunity

According to a report by CNN cited by Global Times on the 19th, Trump is about to take office as the President of the United States, which has caused many opponents of Trump to feel low and even consider leaving the country. The village of Olole in Sardinia, Italy, has keenly captured the business opportunities hidden in this sentiment and is attempting to revive the village by attracting potential immigrants amidst global discussions about the US election results.

(2) Specific methods

Olole Village has launched a website specifically targeting potential American immigrants and advertised "European Refuge", offering a variety of affordable housing options. Francesco Columbus, the village head, said he firmly believed that Americans were the "best choice" to help the village revitalize.

The village provides three accommodation options for potential immigrants: one is free temporary housing; The second is a 1 euro house that needs renovation; The third is a ready-made housing worth 100000 euros. Columbus also mentioned that the website has received 38000 housing applications, most of which are from the United States. Moreover, the village has arranged a dedicated team to guide potential buyers through the various steps of purchasing a house, and vacant properties will also be launched on the website as soon as possible.

(3) Explanation of the original intention of the plan

Columbus emphasized that this plan is not targeted at any specific political leader, but rather aims to meet the relocation needs that some people may have after the US election.

2、 Overview of Italy's "1 Euro House" Plan

In fact, Italy has been implementing the "1 Euro House" plan in the past few years, aiming to attract more population to rural areas and revitalize the regional economy. Numerous Italian towns have participated in the project, with 74 towns already involved so far, covering almost the entire map of Italy, including popular tourist destinations such as Mussomelli on the island of Sicily.

3、 Actual purchase situation and case of "1 Euro house"

(1) Actual purchase requirements

According to the exchange rate, 1 euro is equivalent to approximately 7.6 Chinese yuan. However, to truly live in these so-called "1 euro" old houses, the cost is not limited to this. 1 euro is only a symbolic starting price. In the actual purchasing process, different towns have additional requirements for buyers, and it is generally stipulated that buyers need to complete the renovation of the house within a certain period of time (usually three years) after purchasing.

(2) Specific cases

Taking 44 year old Chicago resident Meredith Tabern as an example, she participated in the "One Euro Auction Project" in Sambuka, Sicily in 2019. She initially bought a property for 5555 euros, plus taxes and other fees, and ultimately spent 5900 euros. At that time, the purchased house had no electricity, no running water, and there was pigeon excrement with a diameter of half a meter on the floor.

Later, she bought the neighboring house for 22000 euros in a private auction, and although the total area of the house expanded, the decoration cost also increased significantly. After adding the decoration cost, she spent a total of 425000 euros, approximately 3.356 million yuan.

4、 The impact of the "1 Euro House" plan on the local area

Although the actual cost of purchasing such houses is high, overall, the plan has indeed brought many positive impacts to small towns in Sicily, Italy.

For example, the demand for home renovation and decoration has created a large number of new jobs for the local construction industry. The arrival of new residents has promoted business in the local catering and hotel industries, and also ignited the tourism industry. As stated by Nigrelli, the deputy mayor of Musomelli town in Sicily, since the launch of the "One Euro House Sale" plan, Musomelli's tourism revenue has increased by 3000%.

The "1 Euro House" plan in Italy presents a unique situation and impact, both from the perspective of attracting immigrants and on local economic development, and deserves continuous attention to its future development trend.

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