These Places Will Pay You to Live There, But There’s a Catch
The city of Ollolai, Italy, is currently selling homes for only 1 euro in an attempt to rejuvenate the community, but there’s a catch: Home buyers are required to refurbish the homes within three years, which will cost approximately $25,000, CNN reported.
Although this is still a good deal, there are some cities that actually pay you to live there, with some giving away lots for free and others paying residents to move in. But these incentives almost always come with a catch as well.
Click through to find out how relocating to these 10 cities around the world can make you more money this year. Click or swipe to view the gallery.
1 Albinen, Switzerland
A small village in the Swiss Alps, Albinen only has 240 permanent residents, The Local reports. Although many people own vacation homes here, permanent residents have been leaving the area at an alarming rate, so the village council has made a decision to implement incentives in the form of grants to get people to make the village home.
According to a village council newsletter translated by The Local, Albinen is offering families or individuals who buy or build a home in the area a grant of $26,648 (25,000 francs) per adult and $10,659 per child. However, there are conditions to get this grant money. You must be 45 years old or younger, and you must agree to live in the village for a minimum of 10 years. In addition, the property you move into must be your primary residence, not a vacation home, and it must have a value of $213,186 or more.