Buyers have the chance to snap up an idyllic and picturesque French home nestled in a small town for just €1 – but the houses come with some pretty strict conditions
While the thought of snapping up a beautiful French home for just €1 sounds like a dream – there’s one huge catch. It’s the kind of deal anyone would snap up in a heartbeat – especially as the costs of housing is through the roof, and it’s in an attempt to boost the popularity of the dwindling town.
But these homes in Ambert, located in the southeast of France have some conditions to them. Buyers are expected to invest significantly in renovations and meet strict requirements if they want the keys – and there is a significant amount that needs doing.
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Firstly, the cheap homes are only available to first-time buyers, as second-time buyers are prohibited from taking part in the scheme. The buyers also have to commit to staying in the home full-time for at least three years too.
According to The Local, those who purchase a €1 house in Ambert must commit to living in the property full-time for at least three years once it’s been made habitable. If they fail to do so, they risk financial penalties, including the repayment of any government grants given for refurbishment works.
One huge downside is that the houses need some serious work. From the roof to the wiring, and everything in between, the two homes on offer require a fair but of renovating. Due to the extensive TLC needed, potential buyers may even be asked to provide a written plan outlining the extent of the work and how long it will take to complete.
Ambert has become the latest community to adopt the tactic in trying to boost it’s population and stop it from dying out – as it clings on to the 6,500 population.
It comes after a UK home was put up for auction with a starting price of just £1, but also came with considerable work needed for potential buyers. Promoted by estate agents Pattinson on TikTok, the pair of modest-size flats in Newcastle-upon-Tyne appear to have been ransacked inside, with the previous occupants’ belongings left behind in a somewhat sorry state.
Beginning at front of the building, Pattison’s clip shows an overgrown hedge concealing the majority of the building.
The living room contains piles of broken furniture and rubbish – with no carpet visible whatsoever thanks to the mess. A framed picture of Jesus sits on the floor of the room, which has also been littered with vinyl records, CDs and board game boxes.
The video, which has been viewed more than 1,000 times saw a handful of people respond to its caption of, “Would you buy this property for £1?” – all of whom said they would. However, while the starting price at auction may be low, the house is likely to sell for more.
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