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Destinations You Can Buy A Home In Croatia For As Less As INR 11/-
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You Can Buy A Home In Croatia For As Less As INR 11/-

Legrad in Croatia is enticing interested patrons with homes for as less as INR 11, but there are certain terms and conditions to it.

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By: Rachel Chang Published: Jun 18, 2021 01:03 PM IST

You Can Buy A Home In Croatia For As Less As INR 11/-
CREDIT: GORAN SAFAREK/EYEEM/GETTY IMAGES

Legrad was once a thriving town–so much of an urban centre that it had the second-largest population in Croatian territory. But ever since the Austro-Hungarian empire collapsed in 1918, it has continued to suffer from depopulation over the course of the last century, Reuters reported. By Rachel Chang

Croatia
CREDIT: GORAN SAFAREK/EYEEM/GETTY IMAGES

In response, the town has been luring in new residents with homes for just one Croatian kuna, or the equivalent of about 16 US cents (INR 11).

Of course, the offer comes with some stipulations. The houses are all abandoned, and most require serious work, but the town will chip in another 25,000 Croatian kuna ($4,045 in US dollars/INR 2,95,159) toward refurbishing the abode. On top of that, those taking advantage of the deal need to be under the age of 40, financially stable and commit to staying put for at least 15 years.

Located in northern Croatia near the River Drava and Hungarian border, Legard hopes to increase its current population of 2,250, which is only 50 per cent of the count 70 years ago, Reuters said. “We turned into a border town with few transport connections to other places,” Legrad’s mayor Ivan Sabolić explained to the news service. “Since then, the population has been gradually falling.”

When the news first came out last year, the town saw interest from people all over, including Turkey, Russia, Colombia, Argentina, and Ukraine, Sabolić said. But with immigration to Croatia being a challenge, they’re currently sticking to those who live domestically. He added that the area’s job opportunities include wood and metal processing and food production. Of the 19 original homes marketed, 17 have been sold so far.

Croatia isn’t the only country selling cheap homes in areas that have seen its population decreasing. Japan is also offering bargain residences all over the country, as have many Italian towns.

Editor’s Note: Keeping the current situation of the pandemic in mind, T+L India recommends every reader to stay safe and take all government-regulated precautions in case travel at this time is absolutely necessary. Please follow our stories on COVID-19 for all the latest travel guidelines.

Written By

Rachel Chang

Rachel Chang

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