Italian town Santo Stefano will pay you £40,000 if you move there

An Italian called Santo Stefano di Sessanio, will pay people up to GBP £40,000 to move into the town in an attempt to revive their economy.

The medieval hilltop town located in the mountains of the Abruzzo region, with only 115 citizens. Thirteen of them are under 20 while 41 are over 65.

The town council as having stated that it was ‘essential’ to do something to ensure a sustainable and lasting development in the area.

The offer includes a monthly wage of up to GBP £7,200 for the first three years.

The town has stated that it hopes to attract tourist guides, cleaners, pharmacists and those who can promote local produce. Furthermore, applicants must be aged between 18 and 40 and remain living in the village for a minimum of five years.

Mayor Fabio Santavicca stated that they are not selling anything to anyone and it is a way to allow the village to continue to live.

CNN reported that Santo Stefano best being known for Sextantio, its scattered hotel whose rooms are located in individual village houses. Located 1,250 metres above sea level, the village is within the Gran Sasso e Monti dellaLaga national park.

Around 1,500 people have applied since the scheme was launched on October 15, but the council wants to keep the numbers to around 10 people or five couples for the time being.