Town in Switzerland offering €60,000 to young people to live there


Switzerland is one of the most expensive countries to live in the entire world. With the strict immigration laws, finding a job and living in Switzerland is not that easy. But to everyone’s surprise, a Swiss town is offering young people €60,000 to live there. This has come up due to the rapid population plunge in the Swiss town of Albinen.
Last month, the only school in the locality closed down because only seven children live there. After this, the fed up locals filed a petition to the mayor of the town to attract new families so that they can repopulate this Swiss town. The town’s population has declined so much in the past decade that now only 240 residents live there. The numbers are decreasing day by day due to the migration of the people to the big cities in recent years.
The town is offering anyone who wishes to move here 25,000 CHF(€21,500), with an additional 10,000 CHF(€8,500) per child. So, a family of four can get a sum of €60,000 if they meet the criteria.
But there is a catch to this offer. The families planning to migrate to this town will have to invest €175,000 in buying a house and will also have to live atleast ten years in this town, otherwise they will have to return the money. All the new families must be 45 or under to qualify for the payment and will be expected to learn German.
Mayor Beat Jost said: “Second homes and large residential complexes of investor groups are out of the question. Anyone who moves away again ten years after the start of construction or after buying the house must repay the money. In a best-case scenario, even the village school will reopen”.
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