Dreaming of a serene life in Italy’s scenic mountains? The picturesque Trentino region, nestled in the Italian Alps, is offering an enticing incentive—up to €100,000 to new residents. But, as with all great deals, there are some important conditions to consider.
Why is Trentino Offering Such Generous Grants?
Facing severe population declines, Trentino hopes to breathe new life into 33 charming villages scattered among its alpine landscapes, including famed areas like Val di Non, Rabbi, and Vermiglio. The initiative aims to revitalize communities, stimulate local economies, and preserve the region’s rich cultural heritage.
How the Financial Incentive Works?
The €100,000 grant is structured to encourage homeownership and renovation:
- Renovation Grant: Up to €80,000 to cover renovation costs of abandoned properties.
- Purchase Assistance: An additional €20,000 towards buying the property itself.
These grants significantly reduce financial barriers, making relocation more accessible.
Essential Conditions You Must Know
- Residency Commitment: Recipients must either live in the renovated property or rent it to long-term tenants for at least 10 years. Failing to meet this condition means repaying the grant in full.
- Renovation Budget Cap: Renovations must not exceed €200,000, requiring at least €120,000 in personal investment from property owners. This maintains the traditional character of the villages.
- No Short-Term Rentals: Short-term vacation rentals (e.g., Airbnb) are strictly prohibited to ensure stable, permanent community growth.
- Property Limit: Individuals can purchase and renovate up to three properties, allowing wider participation.
- Eligibility: The program primarily targets Italians living outside the Trentino region, including those abroad. Current Trentino residents under 45 are ineligible, as the aim is to attract newcomers.
When and Where to Apply?
The finalized list of participating villages will be announced in April. Interested applicants should closely monitor official channels for details. Areas like Val di Non, with over 11% population decline, are among the anticipated participants.
Is it Worth the Move?
For those willing to embrace the quiet beauty of mountain living and commit to community life, this offer presents an exceptional opportunity. Not only can you secure a home amidst Italy’s breathtaking alpine vistas, but you can also play a part in revitalizing historic communities.
Stay tuned for official updates in April—and start envisioning your new life in Italy’s enchanting mountains!
