How to buy property in Italy and pay no money for it

If you have ever been eager to buy property in Italy, this is your chance! Thanks to the decision of the Italian government today a...

buy property in italy

If you have ever been eager to buy property in Italy, this is your chance! Thanks to the decision of the Italian government today a realty purchase in one of the Italian regions is available nearly to anyone. And no, you do not have to be rich, an entrepreneur or a local. Italian authorities are giving the property away… for free. And this is not a joke.

A win-win project

Abandoned castle for sale

Having a property on the Sicilian seaside, among the green Tuscany hills or lose to the famous Lake of Garda with a spectacular view. It seems like a dream, but it’s not. Since recently anyone who applies to participate in the program of the Italian State Property Agency can buy property in Italy and spend literally zero euro for it. So what’s the trick?

The Italian government-run Property Agency has launched a program aimed to give new lives to the abandoned castles, farmhouses, towers, medieval monasteries and other types of real estate. The idea is the following: a person who manages to convince the agency about his or her intentions to transform an abandoned building into a profitable touristic site, gets it for free.

abandoned castle

Exactly 103 pieces of real estate are available thanks to the governmental project that allows to buy property in Italy paying it with an entrepreneurial idea instead of money. All the buildings are located in the historic districts along the gorgeous Italian coastline. At the end of the project the State Property Agency expects to have 103 functioning facilities for tourists that may be hotels, restaurants, museums or whatever else that the new owner decides to create.

How to buy property in Italy without even paying it?

Abandoned monastery in Italy

Curious about how to become a castle owner? The process is easy but requires a high dedication and strong entrepreneurial intentions as well as a well-structured project proposal. All you need to do is choose one of the abandoned buildings and submit your project on the official website of the initiative explaining how you are going to give the new life to it. The proposals that convince the committee will be accepted.

Hurry up and share your experience with us in case you decide to become one of those who will buy property in Italy for free and transform it into a hotspot!