Underpopulated Italian region offers visitors GH₵ 150,529 to move in

An underpopulated southern Italian region is offering people €700 (GH₵ 4214 cedis) per month for three years accruing to about €25,000 (GH₵ 150,529).

Underpopulated Italian region offers visitors GH₵ 150,529 to move in
  • Since 2014, more than 9,000 people have left and it has an ageing population
  • President Donato Toma is offering £620 ($770) per month for three years
An underpopulated southern Italian region is offering people €700 (GH₵ 4214 cedis) per month for three years accruing to about €25,000 (GH₵ 150,529).

The region of Molise, one of Italy’s smallest and least famous regions, is offering newcomers a bounty to settle in villages that are in danger of dying out. 

This is in a bid to reverse the effects of decades of depopulation, which has left many villages bereft of inhabitants.

Molise is squeezed between the mountainous Abruzzo region and Puglia – the heel of the Italian boot. It is so little known that there is a joke among Italians that "Molise non esiste" – Molise does not exist.

Anyone interested in moving to the region must pick a village with less than 2,000 residents and they must also pledge to start a business to help revitalize the village economy.

However, there is no shortage of places to choose from. In 136 villages to choose from, more than 100 now have populations of less than 2,000.

Italian reigion

Molise president Donato Toma told the Guardian, "We wanted to do more; we wanted people to invest here. 

They can open any sort of activity: a bread shop, a stationery shop, a restaurant, anything. It’s a way to breathe life into our towns while also increasing the population.

"If we had offered funding, it would have been yet another charity gesture."

He added that the undersized cities of Molise will also be awarded €10,000 per month to rebuild crumbling infrastructure and support local culture.

"It’s not just a matter of increasing the population. People also need infrastructure and a reason to stay, otherwise, we’ll end up back where we started in a few years," said Toma.

The initiative will be funded with €1 million from Italy’s ministry of economic development.

Approved by the regional government, details will be published in an official gazette on September 16. Prospective candidates will then have 60 days in which to apply.

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Pelyaz - Ghana News: Underpopulated Italian region offers visitors GH₵ 150,529 to move in
Underpopulated Italian region offers visitors GH₵ 150,529 to move in
An underpopulated southern Italian region is offering people €700 (GH₵ 4214 cedis) per month for three years accruing to about €25,000 (GH₵ 150,529).
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