Need to know
Have you been dreaming of escaping the UK for a better quality of life? Whether your expat fantasies involve a Mediterranean island, a hermit-like rural escape, or being surrounded by wildlife, there are a number of schemes that could help make them come true. Here are five countries that offer incentives for people willing to relocate.
Need to Know – Five countries offering financial incentives for people to relocate there
- Sardinia – The gorgeous Italian island of Sardinia is offering incentives of up to €15,000 (around £13,000) for expats willing to move to its sun-soaked shores. The catch is that the grants are only given to those moving to villages of under 3,000 people, as the island is trying to reverse the declining population and boost economies in rural areas. Couples considering starting a family can also enjoy €600 (just over £500) a month payments when they have their first child, and €400 (around £350) a month for the second until they reach five years old.
- Tuscany – Ever dreamt of living among the rolling Tuscan hills? A small village called Radicondoli is one community looking to reverse its depopulation with incentives for both property buyers and renters. The scheme known as WivoaRadicondoli covers either 50% of rent payments for two years or offers grants towards home purchases for those willing to commit to staying for ten years. Around 100 of the village’s 450 homes lie empty, so people relocating will be spoiled for choice.
- Spain – Spain has long been a sought-after destination for expats, so you may be surprised to see the country on the list. However, while Brits often try to find homes in the Costas or Canaries, many Spanish villages in rural areas have struggled to attract new residents. Some examples of schemes on offer include the Live in Ambroz programme in Extremadura. This pretty region, close to the border with Portugal, is offering digital nomads grants of up to €15,000 to live in the area for at least two years. With a lower cost of living than many areas of Spain, a quick search shows a 3-bedroom country house to rent for €690 a month (about £600), and your money can go further.
- Ireland – Would you be willing to live on a remote Irish island? If so, the Our Living Islands programme could be for you. Buy a home in one of Ireland’s remote island communities and you could get a grant of up to £70,000 to help with renovation costs. You must have been granted the legal right to work in Ireland, and you’ll need to use the home as your permanent residence. It’s not a scheme for those simply looking for a holiday home.
- Switzerland – If you’re under 45 and willing to live among the spectacular Swiss mountains for at least ten years, then you could get a grant to help with your expenses. A village called Albinen is offering 25,000 CHF for each adult and 10,000 CHF per child (approximately £23,000 and £9,500 respectively) to new residents, although you will need to buy a property of at least 200,000 CHF (about £191,000) to qualify. Expats can live in the unspoiled mountains surrounded by traditional Swiss chalets, with a medium-sized town and some impressive ski resorts just a short drive away.
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