Land in Russia’s far eastern wilderness is being offered for free to both Russians and non-Russian nationals wishing to settle in the region.

The land will be handed over to Russians and foreigners who want to build homes and start businesses in agriculture or tourism in the region.

After five years, foreign nationals will be able to apply for naturalization as Russian citizens and acquire full property rights to the land they have been working.

The plots on offer are 2.5 acres in size and are located in an enormous region stretching from the Arctic Circle to the Chinese border, where winter temperatures can drop to a freezing -47 degrees celsius and population density currently stands at three people per square kilometre.

The Express reports:

But its not all bad news for adventurous house-hunters. The far east of Russia is famed for its stunning natural beauty, with hundreds of miles of rolling hills, grass plains and soaring mountain ranges. Known as the land where ice meets fire, settlers can look forward to hiking the snow-covered slopes of active volcanos or relaxing in hot springs.

Summers are also long and comfortably warm, with 25 degree temperatures providing the perfect climate in which to explore the region’s dramatic landscapes.

President Vladimir Putin has approved the handouts in an attempt to boost the population and economy of the largely undeveloped region – and disgruntled British citizens are believed to be particularly sought after.

Russia’s Far East Development Minister Alexander Galushka said there has already been interest in the land opportunity with a number of applications having already been received.

Mr Putin is looking for 300 people to take up land in the unpopulated region, which could offer a fresh start for those disillusioned with life in Britain – especially with a possibly disappointing Brexit result looming.

Those hoping for a life of luxury, however, need not apply. The president highlighted the region’s “minimal infrastructure” while describing the project this week, however those willing to make the 5000 mile journey east will be rewarded by a free football pitch-sized homestead on which they will be encouraged to start a farm or business.

There is a catch, however: British people must last five years before they will take full control of their new home. At that stage, those who have successfully stuck it out in the unforgiving climate will be rewarded with Russian citizenship and the power to continue living in the area or to sell their property.

Anyone is entitled to apply for up to a hectare of land in the Kamchatka, Primorye, Khabarovsk, Amur, Magadan and Sakhalin regions, the republic of Sakha, or the Jewish and Chukotka autonomous districts.