Buyers are required to spend at least 20,000 Euros on renovations. The project allows you to buy your new home in the heart of Sicily (Mussomeli), with only 1€ euro. And so… all this might sound impossible, but instead of letting buildings fall down and towns disappear, municipalities in Italy … It makes international headlines every time, but it is becoming fairly common for villages all the way from Sardegna to Sicily to start selling homes for the low low price of €1.
To be fair, the homes actually cost 1 Euro, which is currently the equivalent of $1.25. While potential buyers will be getting a bargain, they are also investing in the local community and the history of the town.

Following the success of the 2015 call for bids for 11 lighthouse renovations, 9 of which successfully assigned, l’Agenzia del Demanio (Italian’s State Property Agency) announced a new one.

As with other one-euro house schemes, which have been a hit in smaller towns and villages across the country in recent years, the one-euro homes offer in Taranto will come with terms and conditions. The scheme is in the village of Ollolai, Sardinia and, with a population of just 1,300 with few young people, has been running since 2015 in an effort to reverse the trend of depopulation. We have 2 luxury homes for sale in Taranto, and 919 homes in all of Italy. Buy a house in Italy for €1. In Mussomeli, interested parties are required to meet with the notary to come up with an agreement for refurbishing the home within three years — or risk losing a 5,000 euro … Apply today and realize your dream! The project allows you to buy your new home in the heart of Sicily (Mussomeli), with only 1€ euro. It’s also important to note that you can’t outright buy a house for $1.

That could be a bargain on a villa, but if you’re renovating a tiny 1-bedroom apartment, it’s quite a lot. Buy Homes For Sale In Taranto, Italy And Get In Touch Directly With Real Estate Agents In Taranto With Gate-away.com - The Italian Property Portal. In fact, there is an entire website (in Italian) dedicated to tracking which villages in Italy are selling houses for a euro. It’s also important to note that you can’t outright buy a house for $1. Homes listings include vacation homes, apartments, penthouses, luxury retreats, lake homes, ski chalets, villas, and many more lifestyle options.

Abandoned villages in Italy are putting homes for sale for 1 euro to try and attract new buyers.
1 Feb 2018. That could be a bargain on a villa, but if you’re renovating a tiny 1-bedroom apartment, it’s quite a lot. Rif: 490 - EXCLUSIVE AND PRESTIGIOUS MASTER VILLA, FOR SALE IN VIALE IONIO, SAN VITO - TARANTO. You’re entering an auction bit and $1 is … Given the high interest that “1 euro” properties have been recently attracted, we have prepared this short draft to update our readers about the past and current “1 Euro” properties’ initiatives across the entire Italian territory. Taranto represents a break in the trend of the houses at one euro in Italy, as it is the first larger settlement to embrace the project. You’re entering an auction bit and $1 is … Apply today and realize your dream! The project is non-profit and was designed to repopulate the historic center of Mussomeli with people from all over the world. The price tag—one […]

Katie Skelly. For sale in the countryside of Martina Franca, an ancient and historic stone-built manor house on three levels: ground floor, first floor and second floor. Buyers are required to spend at least 20,000 Euros on renovations. There are hidden costs, of course, but some buyers describe it as a “fantastic” investment.

In fact, there is an entire website (in Italian) dedicated to tracking which villages in Italy are selling houses for a euro. And the total costs of buying and renovating these properties will of course be far higher than one euro.

If your idea of the good life is making your home in a stone-built cottage in a historic Italian town, stop dreaming. The trail was blazed by hill-towns and villages across the country but now, for the first time, an Italian city is offering its abandoned palazzi for the nominal sum of €1 (85p). Search for Taranto luxury homes with the Sotheby’s International Realty network, your premier resource for Taranto homes. For just one Euro ($1.24), you can make it happen. Find out where you can buy 1 euro houses in Sicily and other 1 euro properties in Italy.