This Sunny Southern Italian Town Offered To Pay People €30,000 To Move There. Whats The Catch?

The town is famous for its ‘green gold’ olive oil.

ADVERTISEMENT

Last year, a town in the south of Italy launched a scheme offering to pay people up to €30,000 to relocate there. 

Presicce-Acquarica has been struggling with a declining population and an increasing number of abandoned homes.

To help lure new homeowners, the town promised grants to people who buy a house and register as residents of the town.

The scheme is now closed to applicants, but here's how it worked.

How to get paid to move to Italy

Presicce-Acquarica - a municipality comprising the two towns of Presicce and Acquarica del Capo - lies at the southern tip of Italy’s Puglia region.

Like many small towns, it has been suffering a dwindling population as residents have relocated to cities in search of better job opportunities.

Last year, the town council launched a scheme to attract new homeowners with generous cash incentives.

To be eligible to apply, individuals or families had to move their official residency to the southern Italian town.

They were also required to invest in a house built before 1991, which is around 30 per cent of the town’s properties.

The cost of the purchase would be subsidised by the grant provided by the town council. The financial aid could also be used to cover the cost of renovations.

A maximum of €30,000 was available for prospective homeowners.

The council was also offering incentives to help combat the town’s aging population. After just 60 births compared to 150 deaths last year, the town granted €1,000 for every newborn.

Live in one of Italy’s most beautiful villages

Located in the area known as the Salento, Presicce-Acquarica is designated as one of Italy’s most beautiful villages.

The streets of the historic centre are lined with ornate Baroque palazzi and the main square is graced by a lavishly decorated church.

The surrounding countryside is filled with olive groves and the high quality oil produced from these trees has earnt the town its nickname of “city of green gold.”

The turquoise waters of the Ionian Sea and the coastal towns of Gallipoli and Santa Maria di Leuca are just a short drive away.

RECENT NEWS

Kerala Beyond The Backwaters: Why You Should Book An Ayurvedic-led Wellness Stay In 2027

The Indian state is encouraging visitors to discover ayurveda on their next visit, and to also come for Onam, a traditio... Read more

Arab Airlines Set To Record A Collective Net Loss Of €3.82 Billion In 2026, AACO Report Reveals

At its AGM held this week in Doha, the Arab Air Carriers’ Organization raised concerns over EU carbon regulations, as ... Read more

Get Your Skates On: Visit Some Of Europes Top Outdoor Ice Rinks This Winter

From castle backdrops to illuminated ice trails, these outdoor skating spots bring a little extra magic to a European wi... Read more

Global Travel To Hit Record 1.57 Billion Arrivals In 2026 – With European Arrivals Up 5%

According to a new report released at WTM London, international travel is set to reach a new high in 2026 despite confli... Read more

Ranked: The World's 15 Safest Cities For Travellers In 2027 – And Nine Are In Europe

European cities like Zürich, Amsterdam and Reykjavik are among the safest in the world for travellers, according to a n... Read more

Top Destinations And Most Bookings: Where Did Europeans Travel To In 2026?

Data released by eDreams ODIGEO has revealed the online travel agency’s most-booked destinations for European travelle... Read more