Your dream home in France, and just for €1? This quiet town is making it possible

Ambert, a quiet town in the Puy-de-Dôme region of central France, is offering homes for just €1 in a bid to reverse its shrinking population and bring life back to its historic streets. Located 134 km west of Lyon, this town of 6,500 residents is hoping the scheme will attract newcomers willing to commit to renovation and long-term living.

With some neighbourhoods facing up to 60% vacancy rates, the town has rolled out a five-year plan to breathe new life into its economy and community spaces, as per a report by Forbes. Local authorities say the goal is to bring back residents and support local businesses and schools, some of which have already reopened due to a small population uptick.

What’s the real cost of a €1 home?


While the initial purchase price is symbolic, just one euro, the cost of restoring these often centuries-old properties is significantly higher. According to the Forbes report, buyers must commit to fully renovating the houses, including exterior façades, and ensure they meet modern living standards.

Estimates based on similar schemes in Italy suggest that renovation expenses could range between €20,000 and €50,000, depending on the size and condition of the house. These costs must be borne by the buyer, who is also expected to begin renovation within a set period and complete the work in compliance with local guidelines.

Who can apply and what’s required?

The program is open to both French nationals and foreigners. However, buyers must agree to live in the property for at least three years. This condition is intended to prevent speculative flipping and ensure that residents become part of the local fabric.

Knowledge of French is not mandatory, but authorities note that being able to communicate with local contractors, suppliers, and town officials will make the process smoother. Interested individuals can apply through Ambert’s town hall, which is overseeing the project.

Government support and financial assistance available

To make the project viable, the local administration is offering support in the form of low-interest loans and renovation grants. These resources are aimed at reducing the financial burden on buyers and ensuring high-quality restoration of the homes.

The initiative reflects a broader national and European trend where small towns and rural regions are offering incentives to counter urban migration. Ambert joins a growing list of European towns, including places in Italy and Spain, that have taken similar steps in recent years.

France’s 'Empty Diagonal' and a chance to rebuild It

Ambert sits within what geographers refer to as the “diagonale du vide” or the "empty diagonal" a vast, underpopulated region that stretches across central France. This area has seen steady depopulation since the 19th century as people moved towards cities for work and better infrastructure.

Yet, towns like Ambert remain rich in culture and history. The village is famous for its medieval architecture and cheese-making tradition, making it an attractive location for those seeking a slower, community-focused lifestyle.

Where to start if you're interested

The town is actively inviting interested individuals to reach out. For further information and to begin the process, potential applicants can contact Ambert’s town hall directly.