ByAlex Ledsom,
Senior Contributor.
A small Italian village that offers new buyers grants of up to $29,000 to relocate is expanding its program. Radicondoli, in the Siena hills in Tuscany, is now also offering to pay half of newcomers' rent until early 2026 if they move to Italy.
Two years ago, in the summer of 2023, the Italian village of Radicondoli launched a program to encourage people to move there. The municipality offered the sum of €20,000 (approximately $23,000) as grants to entice buyers to any one of its many vacant homes, and it also offered another €6,000 for heating and transport expenses.
The mayor, Francesco Guarguaglini, said, “The housing scheme, initially launched two years ago, is being boosted". CNN reports that the new program has ring-fenced €400,000 (about $465,000) for the purpose of supporting new buyers and renters, plus it intends to offer financial aid to students, as well as those who commute using public transport and those who subscribe for green energy—the village uses geothermal energy.
