Italy Is Giving Away Run-Down Castles For Free, And Here’s How You Can Get One

Have you ever dreamed of having your own castle? Well today is your lucky day, because NOW is your chance!

Have you ever dreamed of having your own castle? Well today is your lucky day, because NOW is your chance! It turns out that Italy has an abundance of run-down properties that they need to find owners for. 103 properties which including villas, inns, and castles are up for grabs for free. That means anyone who wants it can grab them up and make their royal dreams a reality.

However… there’s a catch. Italy’s State Property Agency has the expectation that anyone who does pick up these free properties has every intention of restoring it so it can be used as a tourist destination. Whether the property becomes a home or a hotel, it doesn’t matter! That for the new industrious owner to decide.

“The project will promote and support the development of the slow tourism sector,” Roberto Reggi from the State Property Agency told The Local. “The goal is for private and public buildings which are no longer used to be transformed into facilities for pilgrims, hikers, tourists, and cyclists.” Authorities also hope this plan will relieve some of the strain on the country’s most popular and overcrowded areas (like Venice).

The deadline for applications is June 26. Successful applicants will get an initial nine-year period to work on their project, with the possibility of extending it for another nine years afterwards. If, however, your application is denied, don’t worry – Italy plans to give out 200 objects the same way within the next two years. Check it out here for more info!

1. So Much Potential… If You Have The Money To Invest In These Properties

Image credits: lianem/123RF

3. Various Villas, Inns, And Castles Are 100% Free

Image credits: Andrea Pistolesi/Getty Images

3. Only If You Can Afford To Revamp Them!

Image credits: Gennaro Leonardi

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Written by MJ Trevens

A hardworking content writer with 3+ years in digital publishing. Contact me for freelance work!