KFI: If you want to visit Italy, it will probably run you at least a few thousand dollars, but now, you can buy a house there for just one euro, or $1.11. That’s the price of a bunch of homes in the Sicilian town of Mussomeli. Sure most houses in Sicily cost between $300,000 and $3 million, but for pocket change you can own one in the hillside village. Not surprisingly though, there is a catch. All the houses up for sale have been abandoned, so the new homeowners will be required to renovate them, and that can carry a pretty hefty price tag.
So what’s the deal with the low prices? It’s part of a not-for-profit project that hopes to revitalize the town. Many people left the town in the countryside decades ago to live in the big city, but selling the houses cheap means getting new residents, and with new residents comes a boost in the local economy. read more
I’d rather not live so close to my neighbors that I smell their beer farts.
Lets see, you probably would not live to get to the front door. Crime in Italy, in certain regions (you can not visit the museum in Naples without an armed guard), is very high and they don’t value human life as much as in the US. Then you probably are getting your own rat population along with the house, remember bubonic plague is on the rise.
Diversity included at no extra charge right?
Houses are cheap, but the “protection” you have to pay to keep your house from catching on fire is $20,000 per year.
Then you have to pay for the flights. Cheaper to buy a local vacation home within an hour of home. More space and no crappy EU to deal with.
No Home Depot in Sicily? Forget it.
Still better than living in San Fecesico..
Stupid Italians. They could have gotten at least $3.