Sambuca, Sicily

On the island of Sicily is Sambuca, which is well known for producing famous liqueurs.

It also has seen a decline in population in recent years and is trying to increase the number of residents by allowing new buyers to pick up a house for 2 euros. The catch is that most of these residences have fallen into disrepair. If you decide to move there, you’ll probably need to spend more than $15,000 to renovate a home.

Ponga, Spain

Ponga is nestled in the Cantabrian Mountains of Spain, making it the perfect location for retirees who enjoy nature.

It’s also only an hour-long drive to the northern coast of Spain along the Atlantic. The town will pay 3,000 Euros for any couple who moves to the area, which means a retired couple can easily get an incentive to move and spend their golden years eating good food and drinking Spanish wine.

Albinen, Switzerland

If you’ve thought about retiring to Switzerland, there may be a good option for you in the Swiss Alps. Albinen will pay families of four almost $58,000 to move to the area, which could make it a lucrative option for you. To break it down, the Swiss government will pay you about $26,000 per adult and $10,000 per child.

Borgomezzavalle, Italy

Located in the Italian Alps, Borgomezzavalle is trying to entice new residents to move to the area after seeing a population decline. Check out the town where you could buy an empty house for as little as one euro, which is equivalent to $1.08. The town will also give you an additional $2,100 if you start a new business in the area. You may also qualify for up to $10,000 and $1,000 per child conceived in the country.

Sark, the Channel Islands

Sark is a small island with fewer than 500 residents and zero cars, which could be an attraction if you’re looking for a quieter life.

Sark may be a good option if you decide to take on a new side hustle in the arts, such as writing or composing.Artists can get a two-year visa for free that can be extended indefinitely. The island also doesn’t have taxes on income, capital gains, or VAT. That alone may be an incentive to move there.

Antikythera, Greece

It may be hard to imagine living on a Greek island that has only 20 other residents, but it could be appealing if you want some peace in your retirement.  As a new resident, you will be given land, a home, and 500 euros (more than $530) a month for the first three years you live there. The plan to add more residents to the island does favor Greek citizens, but non-Greeks will also be considered if you’re interested.

Sardinia, Italy

Sardinia is a large island off the coast of Italy and features beautiful beaches and turquoise water.

The island has set aside grants for new residents who want to move there, which could be attractive to retirees. To qualify for one of the grants, you have to move to a town in Sardinia with fewer than 3,000 residents. You also must use the grant of 15,000 euros, or more than $16,000, to buy or renovate a home.

Presicce-Acquarica, Italy

You will live among the olive trees if you make the move to Presicce-Acquarica, located in the Puglia region in the heel of the boot of Italy.

The town will pay 30,000 euros, or more than $32,000, to anyone willing to move there and buy a home to rehabilitate. You also have to make it your official residence so this isn’t a move if you want a vacation home in Italy. And like some other towns on this list, Presicce-Acquarica will give you more than $1,000 for each baby born there, which could make it an enticing move if you bring along your children or grandchildren.