5 European Countries Offering Incentives to New Residents in 2024

ROMA – Several European nations are offering financial incentives to attract novel residents, a move reflecting the continent’s evolving demographic challenges and a desire to revitalize rural areas. According to a new analysis, Italy, Spain, Ireland, Greece and Portugal are each implementing schemes ranging from direct cash payments and tax breaks to substantial housing subsidies and renovation funding.

“Various European countries and, in some cases, regions within countries are offering incentives for people to invest in and/or live there,” said Jennifer Stevens, Editor Eksekutif at International Living.

The incentives vary widely, from properties available for as little as £0.85 in Italian villages to grants of up to £85,000 in specific regions. The development underscores a growing trend of European nations seeking to address population decline and stimulate local economies.

Ted Baumann, the report’s author, emphasized that accepting these offers does not automatically guarantee residency—applicants must still secure the appropriate visas independently.

5 Negara Eropa Ini Akan Beri Insentif bagi Orang Asing yang Mau Jadi Penduduknya

1. Italia

Italy has garnered significant attention for its scheme offering homes for €1, equivalent to approximately £0.85, typically found in rural communities experiencing population loss. Buyers are generally required to complete renovations within a specified timeframe and provide a deposit to ensure completion of the work, with additional costs for planning permission and technical assessments.

Beyond these attention-grabbing offers, several Italian regions provide more substantial support packages. Authorities in Trentino are providing up to €100,000 (approximately £85,000) for the purchase and restoration of properties, provided recipients commit to residing there.

Meanwhile, Radicondoli, located south of Florence, offers grants and subsidies but requires newcomers to commit to a minimum ten-year residency. The announcement could influence future diplomatic talks regarding migration and economic cooperation.