A stunning Italian village will pay you €30,000 to move there (2024)

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Is it true that Italy will pay you to move there? ›

The charming Italian town of Pressice-Acquarica, located in the southern Puglia region, or the bit that makes up Italy's boot, is offering €30,000 (roughly $32,500) to move there. The financial incentive is part of an effort to combat population, a problem that is plaguing many of Italy's small, rural towns.

To be eligible to apply, individuals or families must move their official residency to the southern Italian town. They are also required to invest in a house built before 1991, which is around 30 per cent of the town's properties. The cost of the purchase will be subsidised by the grant provided by the town council.

The region of Calabria plans to offer up to €28,000 ($33,000) over a maximum of three years to people willing to relocate to sleepy villages with barely 2,000 inhabitants in the hope of reversing years of population decline. Read more.

If you've ever dreamed of living in Italy, your wish is about to come true. And even better: You could get paid to move to Italy. The stunning Mediterranean island of Sardinia is prepared to pay people €15,000 each (approximately $14,976) to move there.

You can apply for Italian citizenship after living in Italy for 10 uninterrupted years with this type of residence permit. 2. Carta di Soggiorno: a permanent residence permit issued for an indefinite period. You can apply for it after 5 uninterrupted years of residing in Italy with a temporary residence permit.

Getting an Italian Visa

More specifically, these annual income requirements are $35,000 (at time of writing) for individuals and $42,920 (at time of writing) for married couples. The most popular Italian visa for retirees is the Italian Elective Residence visa.

The citizens' income (Italian: reddito di cittadinanza) is a social welfare system created in Italy in January 2019. Although its name recalls one of a universal basic income, this provision is actually a form of conditional and non-individual guaranteed minimum income.

In Calabria, Italy's southwestern region, relocating to a village with 2,000 residents or fewer will earn you up to €28,000. The initiative hopes to combat depopulation. Those interested in applying must be 40 years old or under and move to the region within 90 days of their application being accepted.

How can I legally move to Italy? ›

If you are a non-EU/EFTA citizen, before you can move to Italy, you will have to get an Italian long-stay visa. This type of visa allows you to enter Italy with the intention of staying long-term.

Living in Italy is significantly less expensive than living in the U.S. The simplest reason is that housing and health insurance costs are much lower. But it doesn't stop there.

There is no limit on US citizens buying or selling properties in Italy thanks to something called mutual agreements. These apply between Italy and foreign citizens meaning that you don't need any special documents or pay higher taxation on property when compared to citizens from within the EU.

Foreigners who do not reside in the country can buy property in Italy if there is an international treaty that permits a material condition of reciprocity between their country of origin and Italy. This is a treaty that also allows Italians to buy a house in the foreigner's country of origin.

Turin, Palermo, and Naples are the cheapest cities to live in in Italy. The cost of living in Milan is just slightly higher than the living costs in Rome. The cost of living in Florence is only slightly lower than the cost of living in Rome. The cost of living in Turin is 19% lower than in Florence.

Officials say they will pay people up to 30,000 euros (roughly $30,000) to buy an empty dwelling and take up residency. Even better, the houses up for sale as part of the deal are priced from around 25,000 euros.

Presicce, which is situated in the Puglia region of Italy's southern peninsula—in the heel of the country's boot shape—is offering €30,000 (about $30,000) to anyone who will buy an empty house built before 1991, move in and live there, reports CNN's Silvia Marchetti.

The government of Sardinia, Italy, is prepared to pay people €15,000 each (about $14,767) to move to the Mediterranean island.

Sardinia, a sizable island off the coast of Italy, is offering potential new residents €15,000 ($14,585) to relocate. In response to a shrinking population, Sardinia's government is aiming to boost residential numbers with a new initiative, according to Forbes.