Want to get paid £70,000 to move to a remote island? Here’s how – but there’s a catch
Have you ever dreamed of living on a remote island? To do this, you can pay 70,000 £ (€ 84,000).
The Irish government pays individuals to renew a property in one of the remote sea islands of the country.
Part of the “Living Islands” policy, the initiative aims to increase the population of distant communities on the western coast of Ireland.
Anyone can apply and do not need to be a Irish citizen to benefit.
For Grabs, the property is located on the islands of Aran, Clare Island, Dursey, Inishturk, Inishbofin and Bere, all of them are rugged coastline, breathtaking landscapes and individual attraction.
In total, there are 23 built -in sea islands that are entitled to the plan. As of 2016, these islands had a population of only 2,734 people.
However, there is a capture, the properties are abandoned or empty to grab these islands and will need great renovations.
The 10 -year national policy, which was initiated in 2023, aims to develop infrastructure and housing.
A few Italian towns also benefit from a similar scheme that sees empty features sold for 1 €. This resulted in headlines about the villas crumbled since it started in 2017 and the mechanic-upper failures.
In Croatia and France, they launched plans to help renovate the remote houses unattended, but you will have to make your home with a warning.
In Japan, some rural houses are sold free of charge at 1 ¥ or even auction, hoping to increase decreasing populations.
However, applicants in Ireland can take up to € 84,000 to renew their derelict properties to a housing house. However, the grant is not for holiday homes and short -term rents.
The empty property renewal grant to renew empty properties starts at € 50,000 and extra 20,000 € to renew its derelict properties.
On the qualified islands, the program can offer up to € 60,000 or € 84,000 for the renewal of an empty property.
However, there are some criteria to be met to benefit from the plan. The island property must be empty or unattended and must be built before 2007. It also needs to be empty for at least two years.
The grant money can be used to make the property and live or rent, but this must be done for at least 10 years from the payment date of the grant to prevent the grant from reimbursement.
If someone decides to sell the property in the first five years of getting the grant, they will need to repay the local authority.
Housing, Local Government and Heritage, as of the end of March this year within the scope of the empty property renewal grant a total of 35 island applications have been approved by 22, he said.
