The Real Deal New York

Having a child in Italy could soon entitle you to free land

The Italian government is considering the proposal to help encourage population growth
November 24, 2018 09:00AM

(Credit: iStock)

First comes love, then comes marriage, next comes baby in the baby carriage and free land to boot from the Italian government—provided its your third child.

The Italian government has proposed giving land to families who have a third child between 2019 and 2021 for a 20-year period, according to Forbes. The proposal is meant to encourage population growth and agricultural production.

The territories would be located in state-owned areas of Southern Italy, a region that has long struggled to recover from the 2008 financial crisis and been most impacted by unemployment.

The lands are worth an estimated 9.9 billion euros overall, and only married couples would be eligible for the program.

A Knight Frank report from earlier this year found that Americans interested in buying a second home are increasingly looking to Italy. [Forbes] – Eddie Small