Italy: You could get €15,000 to move to Sardinia. But what’s the catch?

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If you’ve always dreamed of moving to a sunny island, now is your chance: Sardinia is offering people a whopping €15,000 to move.

The Italian island – the second largest in the Mediterranean – offers sandy beaches, blue skies and turquoise water.

But the Island As young locals, Paradise faces the shrinking rural population move abroad for work.

To counter this brain drain, the government has allocated 45 million euros for the relocation grant, enough to cover 3,000 grants.

So if you already are Pack suitcase, Here’s everything you need to know.

What are the rules of the scheme?

The grant sounds too good to be true — and there are a few caveats.

To be eligible for the scholarship, you must be in a Sardinian community with fewer than 3,000 inhabitants.

The money must also be used to buy or renovate one hometown. The subsidy cannot exceed half of the total cost of the home or renovation – and the state will not always pay out the full €15,000.

Finally, recipients must live and register for the new property full-time permanent residence in Sardinia within 18 months of arrival.

Why does Sardinia offer people money to move there?

of Italy population is aging. The median age of Italians is 45.7 – a number that is projected to rise to 50.7 by 2050.

The total population is projected to shrink by almost 20 percent by 2070, from 59.55 million to 47.6 million in 2070.

The problem is particularly serious in the rural areas of the country – and places like Sardinia are feeling the burn.

Sardinian President Christian Solinas said the program would encourage young people to stay in Sardinia or move to the island.

“Thanks to these posts too [homebuyers’] first houses, [Sardinia] will become fertile ground for those who move there or decide to raise a family,” he said.

“There can be no growth without a real valorization of the territories, interiors and the most disadvantaged areas… We have created the conditions for young people to choose to stay and develop the economic fabric of the most developed fragile areas.

When you move into the Island, you can expect to be there for a long time. With more than 500 people over the age of 100, Sardinia has one of the highest concentrations of centenarians in the world – approximately 33 per 100,000 inhabitants.

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