In Rive (Vercelli) the "Houses for €1" scheme launches to revive the

Houses for €1 in Rive: a chance to invest in the historic village

Rive, a small municipality in the province of Vercelli, has launched the "Houses for €1" scheme to rehabilitate the historic centre, increase the resident population and promote local tourism and culture.

Why the initiative

The programme aims to counteract depopulation by restoring unused or dilapidated buildings. Rive, known for its medieval castle, traditional farmhouses and the DeRive street art festival, intends to use these renovations to boost rural tourism and preserve local identity.

How it works (summary)

• Symbolic price: properties are offered for a nominal fee of €1.
• Buyer commitment: the purchaser must renovate the property within the deadlines set by the municipal call.
• Actual costs: aside from the €1 fee, buyers cover notary and cadastral fees and renovation expenses.
• Guarantees: a security deposit or surety bond may be required to ensure renovation starts.
• Municipal support: the town will create a register of available properties and help streamline administrative procedures.

What to consider before applying

Assess the property's condition and the necessary renovation budget carefully. Restoring buildings in historic villages often requires compliance with heritage regulations and improvements in energy performance.

Benefits for the area

The scheme is more than an opportunity to buy at a symbolic price: it aims to bring back residents, support local businesses and enhance the tourist offer. Renovations can help preserve the architecture, traditions and agricultural activities of the Vercelli rice plain.

Practical information

• Municipality: Rive (Province of Vercelli)
• Properties involved: houses in the historic centre and peripheral areas
• Tip: check the municipal call for eligibility, deadlines and application procedures

If you are considering moving to a village or investing in property rehabilitation, Rive's initiative offers a concrete way to contribute to the revival of a small Piedmontese historic centre.