1Roubaix, France
The town of Roubaix, located in northern France near the Belgian border, has also joined the trend of offering homes for €1 to combat urban decay. Roubaix, once a thriving industrial hub, experienced significant economic decline in the late 20th century, leading to high unemployment and a surplus of vacant homes.
In an effort to revitalize some of its rundown neighborhoods, the local government launched a program to sell abandoned homes for just €1. Buyers are required to invest in renovations and commit to living in the homes for a certain period after the work is completed.
Roubaix offers a unique blend of French and Flemish culture, and the town’s proximity to cities like Lille and Brussels makes it a convenient location for commuters. While many of the €1 homes require significant repairs, Roubaix’s affordable real estate market has attracted buyers looking for an opportunity to create their own space in a town with historical significance.
Buying a home for $1 might seem like an unbelievable opportunity, but it’s a reality in several places around the world where communities are trying to combat population decline or revitalize neglected neighborhoods. However, these homes often require significant investments in renovations, and buyers must be prepared to meet strict conditions regarding the restoration and occupation of the properties.
