French local authority sells homes from €80,000
It's not quite the famed '€1 homes', but a local authority in central France is selling off 12 homes starting at €80,000.
The local authority in Loiret, a central region of France, is offering 12 canal-side homes for sale starting at €80,000. These cottages were once used by lock-keepers and are now obsolete due to the mechanization of the Orléans Canal. Positioned along the canal, the properties are desirable due to their tranquil setting, however, they all need renovation to make them habitable.
The préfecture of Loiret, facing a financially tight budget, has decided to sell the remaining 12 homes to private buyers instead of converting them into tourist sites. The prices for these homes are anticipated to vary from €80,000 to €180,000, contingent on the property's size and the extent of renovations required. These homes are situated in seven municipalities across the Orléans and Montargis areas: Fay-aux-Loges, Vitry-aux-Loges, Combreux, Chailly-en-Gâtinais, Presnoy, Chevillon-sur-Huillard, and Montereau.
Prospective buyers will submit offers to the préfecture, where elected officials will evaluate each offer based on criteria such as price, proposed project, and conditions precedent. Official sale listings are set to commence in August and September, with site visits scheduled for September. Following these, the Loiret préfecture will publish the details on their official website and social media channels.
Purchase offers are projected to be submitted by the end of October, enabling officials to select buyers between late 2026 and early 2027.
Written by urgent.news from The Local France's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
