Italy to give away more than 100 castles | Bedford Corners Real Estate

Many of the 103 properties are crumbling, having been abandoned for decades, and their new owners will be expected to restore them out of their own pocket.

Prospective owners will have to show detailed plans of how they will renovate them and turn them into businesses to boost tourism – such as hotels, restaurants, bed and breakfasts and craft workshops.

In a country where youth unemployment is close to 40 per cent, special consideration will be given to people under the age of 40. They will be initially offered a nine-year lease, with the option of extending it for another nine years.

The buildings on offer include farmhouses, monasteries and castles, such as the 13th-century Castello di Montefiore in the Marche region, Castello di Blera in Lazio and a former school in Puglia.

More than 40 of the properties are on historic walking routes or pilgrimage trails, including the Appian Way, the ancient Roman road that once led from Rome to the Adriatic coast, the Via Francigena, which led from Paris to Rome, and the Way of St Benedict, a pilgrimage route which leads through the mountains of Umbria.

Others are located along established cycling routes.  If the scheme is a success, another 100 properties will be given away free next year and a further 100 in 2019.

“Slow tourism, including walking trails and cycle paths, is very much in vogue and we can combine it with properties of various kinds, from castles to old railway stations,” said Roberto Reggi, the director of the State Property Agency.

“We are hoping that the transformation and regeneration of these properties will involve young people, providing benefits that will have an impact on rural areas and on tourism.”

With popular locations such as Rome, Venice, Florence and the Cinque Terre coastline of Liguria in danger of being swamped by increasing numbers of tourists, Italy is keen to try to disperse visitors to lesser-known parts of the country. The initiative is part of a Strategic Tourism Plan being pursued by the government.

The State Property Agency is also working on a scheme to lease unused lighthouses to private developers who will be expected to turn them into boutique hotels, restaurants or museums.

They are situated on dramatic cliffs and headlands overlooking beaches and stunning stretches of coastline, including several in Sardinia and others on Italy’s tiny outlying archipelagoes.

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