Additional Coverage:
- 7 European Cities That Pay You to Move There (and Retirees Will Love) (financebuzz.com)
Thinking about retiring abroad? Several European towns are offering cash incentives to newcomers.
Declining populations have prompted these unique offers. These towns hope to revitalize their communities with new residents.
Ponga, Spain, nestled in the Cantabrian Mountains, offers couples €3,000. The incentive also extends to children, with €3,000 per child. New parents also receive additional funds.
The Swiss Alps town of Albinen offers families of four nearly $58,000. This breaks down to roughly $26,000 per adult and $10,000 per child. However, this offer is primarily for Swiss residents or long-term residents.
Borgomezzavalle, in the Italian Alps, offers homes for one euro. The town also provides incentives for new businesses, offering up to $2,100. Additional funds are available for families with children born in the country.
Sambuca, Sicily, offers homes for just over $3. However, these homes require significant renovation.
Antikythera, a small Greek island, offers land, a home, and monthly payments of approximately $542 for the first three years. While preference is given to Greek citizens, others are also considered.
Sardinia, Italy, offers grants exceeding $16,000 to new residents in towns with fewer than 3,000 people. This grant must be used for home purchase or renovation.
Presicce-Acquarica, Italy, offers over $32,000 for those willing to relocate and renovate a home.
Retiring abroad requires careful financial planning. Consider the overall cost of living and moving. These incentives, combined with your savings, could even allow for early retirement.
Regardless of your financial situation, there are always ways to improve. Focus on paying down debt, explore options for extra income, and look for ways to cut expenses.
Read More About This Story:
- 7 European Cities That Pay You to Move There (and Retirees Will Love) (financebuzz.com)