Have you ever imagined owning a charming house right next to a ski resort, a picturesque vineyard, or soothing thermal springs? If so, the northern Italian region of Trentino, also known officially as the Autonomous Province of Trento, has an exciting opportunity for you. The local government is offering financial incentives to residents of Italy and Italians living abroad to restore one of the many abandoned properties scattered throughout this stunning area where the majestic Dolomites meet the Alps.
Under this program, eligible participants can receive substantial financial support: a grant of €80,000 (approximately $87,000) specifically for renovation costs, alongside €20,000 (about $22,000) to assist with the purchase of the property itself. This financial boost presents an incredible chance to breathe new life into these historic homes, many of which have fallen into disrepair.
However, there is an important stipulation to consider. To qualify for this funding, individuals who take part in this initiative must commit to residing in the property for a minimum of ten years, or alternatively, rent it out for the same duration. Failing to meet this requirement could result in the necessity to repay the grant funds—an essential factor to keep in mind for potential applicants.
This initiative focuses on 33 towns that are currently under consideration for the project and are expected to receive final approval in the near future. These towns are facing the troubling issue of depopulation, with a stark contrast between the number of abandoned houses and those occupied. The initiative aims to counter this decline and revitalize communities that are on the brink of disappearing.
The program is part of a broader effort by the Italian government to tackle the challenge of depopulation in rural villages and hamlets. As part of a 2024 national budget law, a fund of €30 million (approximately $32.5 million) was established to support municipalities with populations under 5,000 that are grappling with economic and social difficulties stemming from a dwindling population.
This unique blend of history, natural beauty, and community revitalization makes Trentino a remarkable place to consider for those looking to invest in a property while contributing to the preservation of Italy’s cultural heritage.
It’s the latest Italian gimmick to try to counter depopulation of villages and hamlets that fall under a 2024 national budget law that created a fund of €30 million ($32.5 million) to dole out to municipalities with fewer than 5,000 inhabitants that have been identified as suffering economically and socially because of depopulation.
