6 Comments

  1. MaisJeNePeuxPas on

    They’ve got a ways to go. A town knows that it’s really made a comeback when Americans set up shop and start bitching about everything.

  2. TheSleepingPoet on

    **TLDR COFFEE BREAK SUMMARY**

    Italy’s €1 home initiative offers abandoned and dilapidated houses in small towns for a symbolic price of €1. The goal is to attract buyers willing to invest in renovations and help revive local communities. Rubia Daniels, a Brazilian-American, purchased three properties in Mussomeli, Sicily, in 2019 for €1 each but ended up spending €4,000 on fees and €38,000 on renovations. Despite facing challenges such as extensive repairs, COVID-19-related delays, and the slow pace of contractors, Daniels believes the project has been worthwhile. Her first house is nearly complete after six years, and she plans to transform the other two properties into a restaurant and wellness centre.

    The program has attracted a global community, boosted local economies, and revitalised towns. However, potential buyers should be prepared for significant costs and time investments.

  3. SlothySundaySession on

    I thought if I spent 1 euro it would get me a palace over Lake Combo, this isn’t fair /s

    The marketing doesn’t match the product at all but I would say it’s the most important part of the idea.

  4. bigheadjim on

    My wife and I were house shopping in Italy – not the €1 euro houses, but that’s what everyone asks us about. Different areas have different restrictions on buying them. I believe for most areas, they want you to move there and live in the villages, not buy the homes for investment or AirB&B or holiday homes. They want your help in revitalizing dead towns. Many have time restrictions on getting the home repaired and habitable, such as 2-3 years. This is the real problem because it’s difficult to get workers hired in populated areas, let alone sparsely populated towns. As someone already stated, these villages may lack any kind of infrastructure including bars, restaurants, and shops. We looked at several houses in the 40k range that would take at least 80-100k to restore. The cost of permits with engineer/architects involved can easily be 5-10k+ per room. In many places you MUST use local tradesmen for the major work, even if you know how to do it yourself.

  5. Californian-Cdn on

    I understand the premise of it, but it generally isn’t worth the time and effort to undertake the insane project that is needed to make these homes livable.

    There are far easier options if you want to buy a home in Europe.

    To each their own, and if these programs can revitalize communities I am all about it.

    But to me, a man who plans on moving to Europe in the next 24 months (wife and I have passports from EU countries), there are far more appealing options.

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