Negotiate houses for sale in Croatia for just 11 pence – but buyers must be under 40
The town of Legrad once had the second highest population in Croatia – but now there are only around 2,000 inhabitants living there, so people are incentivized to move in with the supply of cheap houses.
Image: Alamy Stock Photo
The average cost of a house in the UK is around £ 256,000 – but now one of Europe’s most popular holiday destinations is offering houses for a bargain of just 11p.
Forget about the need for a deposit or stamp duty, you only need a few cents in your name and you could become the proud owner of a house in the town of Legrad, which is close to the Hungarian border.
The rural town in northern Croatia once had a much larger population, but has been hit hard by people who have left the area in recent years.
In an effort to attract more people to the area, a total of 19 homes have been put up for sale for a single kuna (11p), reports The Sun.
Inexpensive houses are even cheaper than the famous Italian € 1 houses, although they come with a number of conditions.
They are in a state of disrepair and therefore need a lot of work. Most houses have no windows or doors, and moldy walls and floors.
To be able to buy one, you must also have a full-time job, be under the age of 40 and be ready to move to Legrad for 15 years.
Alamy Stock Photo)
But on the bright side, local authorities will give buyers 25,000 kuna (£ 2,900) to carry out renovations on their new properties.
Despite once having the second largest population in Croatia, the city now has a population of just 2,250.
It suffered a constant decline after the disintegration of the Austro-Hungarian Empire a century ago, when new frontiers left it behind.
It has therefore become a border town with few transport links to other towns.
The mayor of the city, Ivan Sabolic, said the population suffered.
“We made it a border town with few transport links to other places. Since then the population has been gradually declining,” he said.
But if you want to buy one of the cheap houses, you will have to be quick – 17 of the properties have already been sold, and there is strong interest from Russians and Ukrainians, as well as from Turkey and of Argentina, in the rest two.
If you decide to take up the offer and move to Legrad, the region has stunning countryside and two European countries on its doorstep.
Last year houses in villages in 25 regions of Italy were offered for just € 1 to encourage people to settle in those regions.
They ranged from small houses to larger villas, in areas with decreasing or aging populations.