These European countries are giving out huge cash payouts to new residents | Travel News | Travel

These European countries are giving out huge cash payouts to new residents | Travel News | Travel

Numerous rural regions across Europe are grappling with aging demographics due to the migration of young individuals to urban centres or their decision not to start families.

To address this issue, some municipal authorities are encouraging foreign nationals to settle in their towns by offering relocation grants and financial incentives.

The Swiss Alps village of Albinen, with a population of less than 250 residents, is offering families a sum of over £43,321 to relocate there, according to

Nestled on a mountainside in the Valais canton, this charming village is just a little over an hour’s drive from the famous ski resort, Verbier.

Adults below 45 years of age will be granted 25,000 Swiss Francs (equivalent to £21,922) to relocate, along with an additional 10,000 Swiss Francs (about £8,768) for each child.

Read more: Europe’s cheapest city for British expats has coffee for under £1.50

It’s essential to note that this initiative is exclusively available to Swiss citizens or eligible foreigners who have resided in Switzerland long enough to acquire a permit C residence.

Applicants must also own a residence valued at a minimum of 200,000 Swiss Francs (approximately £175,301) and commit to residing in Albinen for a period of ten years.

Given the local council’s statement that they are currently receiving up to 100 inquiries each day, prospective applicants should be prepared for some patience when considering making a submission.

The small town and municipality of Ponga, located in northwest Spain with a population of around 600 people, is offering British residents £2,600 each to encourage them to relocate to the area. An additional £2,600 will be provided for every child born in Ponga.

Ponga is nestled in the heart of the Cantabrian Mountains and boasts a UNESCO-designated biosphere reserve, making it an ideal destination for hiking enthusiasts. Furthermore, the town is conveniently located just one hour’s drive from the coast.

To be eligible for this opportunity, British individuals must commit to residing in Ponga for a minimum of five years.

In the southwestern region of Calabria, Italy, individuals who choose to relocate to a village with a population of 2,000 residents or less can receive financial incentives of up to £24,262. This initiative is aimed at addressing the issue of depopulation in the area.

To be eligible for the program, applicants must be 40 years old or younger and must relocate to the region within 90 days of their application being approved.

Additionally, applicants are required to establish a business or secure employment in sectors experiencing labor shortages, which includes areas such as restaurants, hotels, bed and breakfasts, and shops.

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Author: Shirley