Resicom – Holiday Investment – 04-21 – LB

Locana – The Italian Village They Will Pay You to Live In

The mayor of the picturesque rural Alpine village of Locana, Italy has come up with an interesting idea to attract people to the village.

Located in Piedmont, the mountainous northwestern region that borders Switzerland and France. Locana, like many other small towns in the region, has been experiencing a dwindling and aging population.

According to CNN Travel, one in four communities have become ghost towns over the last 30 years – with 139 villages now having less than 150 residents.

The mayor of Locana, Giovanni Bruno Mattiet, has therefore come up with the idea of offering over $10,000 to people who wish to move to the village and help to regenerate it.

Specifically, the offer is for $10,300 (or €9,000) over the course of three years.

There are stipulations, of course. For one, Mattiet is looking for families to move to Locana, specifically, with at least one child. He’s also looking for potential residents that have a minimum annual salary of $7,992 a year (or €6,000).

The offer was originally only open to Italians or foreigners already living in Italy, but the mayor of Locana has now opened it up to overseas property investors as well.

He explained: ‘Our population has shrunk from 7,000 residents in the early 1900s to barely 1,500 as people left looking for a job at Turin’s big factories.

‘We’re looking to draw mostly young people and professionals who work remotely or are willing to start an activity here,’ he continued. ‘There are dozens of closed shops, bars, restaurants and boutiques just waiting for new people to run them.’

The area offers flower fields, chestnut forests, and snowy peaked mountains. Outdoor activities such as swimming, rock climbing, ice-skating, and fishing can be enjoyed across its Gran Paradiso mountain reserve.

It is also wealthy, due to clean hydroelectric energy sold to the Italian state.

Overseas property investors looking for a new healthy lifestyle, great food and folklore fairs all-year round for their family should apply to Locana without delay.

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