With real estate prices only going up, it has become tougher and tougher for young couples to own a home and start their own family. However, a village in Switzerland called Albinen is set to give money to people who are willing to relocate to their remote village. Albinen is in the Canton of Valais and offers a gorgeous mountainside view.
It is a small remote village with a population of 240 people. Their municipality president is saying that families and young people are relocating elsewhere.
So far their village school has closed down which has forced their last seven remaining children to have to get an education in a neighboring village.
That’s why they are trying to recruit young families and people under the age of 45 to their tiny village.
Albinen just offered an initiative where adults who are willing to stay in the village for at least ten years will be offered at least $25,000 over time. Every additional child after that will be awarded a $10,000 subsidy.
But this initiative still must be approved by a public vote and so far the village has received numerous inquiries from all around the world.
And of course, there are more conditions to this tempting offer. The conditions state that any and every foreigner must have a C permit which is a Swiss permanent residency permit.
The foreigner must also be willing to stay in the village for ten years otherwise they must forfeit the money.
Furthermore, they must be willing to invest a minimum of 200,000 francs into buying or building a property.
The commune went on to say that if the initiative is passed through the public vote then ‘at most five to ten young families’ would be able to make a successful claim for the subsidy.
The town’s mayor, Beat Jost said that he would not be making any more media statements in regards to the subsidy offer and the village will vote on the proposal at their general meeting at the end of this month.