If you've been planning to move to Italy or to invest in the Italian real estate, look no further.
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Explore the country, build your dream home in a charming Italian village and get a taste of the slow life.
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The name of the project is "1 Euro Houses" or "Comprare casa a 1 euro" and it originated with the intention of repopulating small villages through selling homes at a symbolic price of 1 Euro.
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The houses are fixer-uppers, therefore expect additional costs, such as the notary fees and renovation costs. You will be able to take advantage of the restoration bonus, which allows a tax deduction of 50% of the expenses incurred, up to a maximum spending limit of 96k euros.
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HOW.
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Contact the municipality where you're intending to purchase the house;
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Request the Italian tax code, as this is necessary to pay taxes;
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Become a home owner in Italy.
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WHEN.
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Submit the renovation plans and acquire the necessary permits within 2 to 12 months after purchasing the home;
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Start the renovation process within the next year;
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Complete the renovations within the next 3 years.
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WHERE.
​The following is a list of the municipalities that participate in the 1 Euro Houses initiative.
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Northern Italy:
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Central Italy:
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Southern Italy:
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