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Is 1 Euro Expensive? City in Europe Seeks to Repopulate Small Municipality and Draws Attention for the Symbolic Price of 13 Cents Euro
Is the price of 1 euro expensive for buying a house in Europe? The city of Legrad, in Croatia, has launched a new round of house offers for just 13 cents euro. The measure aims to attract young families and stimulate local population growth.
With less than 2000 inhabitants, the municipality is located along the Drava River, on the border with Hungary, and faces typical difficulties of small towns that lose residents over time.
The Price of 13 Cents Euro Per House Differs from the Standards of the European Real Estate Market
The offer of properties at a symbolic price has once again put Legrad in the spotlight. The price of 13 cents euro per house is completely outside the norms of the European real estate market.
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The initiative reinforces a direct strategy to combat population decline and encourage new families to settle in the region.
History of the Initiative in the Municipality
This is not the first time Legrad has embraced this model. The initiative was previously implemented in 2018, when five houses ready for occupancy were made available.
At that time, three families moved to the municipality. During the moving period, these families had children, which increased the number of children at the local daycare.
Why the Price is 13 Cents Euro
The price is directly related to the change in the national currency. Croatia recently adopted the euro replacing the kuna, which was the previous currency.
The local policy was known as Houses for One Kuna. In the conversion process, 1 kuna became equivalent to 0.13 euros, a value that has been maintained as a symbolic reference for the initiative.
Who Can Participate and What Are the Requirements
The offer is not open to anyone interested. There are clear criteria for participating in the house program for 13 cents euro.
Candidates must be under 45 years old, in marital or non-marital union, have no criminal record, and not own any other registered property.
The expectation is that the new round of the initiative will generate results similar to previous ones, with an increase in the young population and strengthening of local services.
If there is participation, the municipality may consolidate the model as a permanent tool to face demographic challenges and keep the city active.
The offer of houses for 13 cents euro demonstrates how creative solutions can be used to combat the depopulation of small towns.
In Legrad, the strategy combines low cost, clear rules, and focus on young families, creating a rare opportunity for those seeking housing and a new life in a quiet municipality.
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