Great Britain is a country-record holder in home values. £250,000 for a town house are not own each shoulder. Recently a charity "Empty Homes" offers to buy abandoned houses in different parts of England for just one pound (€1.18). The bottom line is this: 25% of the property is transferred to the buyer for £1 and the remaining 75% are owned by a housing association. For the buyer retains the right to redeem all 100% ownership - in part or in directly.
Ten stone three-bedroom town houses are located in Stoke-on-Trent. Take advantage of this initiative can not only citizens, but all citizens of the country that do not have their own separate housing, earn at least £18,000 a year and want to live in this house for at least 5 years.
The Guardian reports that the houses, built in the 1900s, are required repairs that the new owner will have to pay in the next 10 years after the purchase. This would amount to around £42,000 for each house.
According to communities minister Don Foster, £91 million will be spent to solve the housing problem, but the project "one house per 1 pound" will continue, especially since the 6000 old and empty houses are waiting for restoration and new owners.