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The 1 euro houses are an initiative to which more than 60 Italian municipalities have joined. Today we can observe their success. Repopulation of the villages, rural development and economic return are the three main points of the project. Here are the stories and the results.
Here's how to buy a house for € 1 with our ebook
- Available in English, French and Spanish in PDF and epub format.
- How to buy 1 Euro Houses in Italy?
- How to find available 1 Euro Houses in Italy?
- How to plan for the purchase and renovation?
The 1 euro houses project: It sounds like a joke but it’s true
Many of you have already heard of 1 euro houses, but the initiative remains new to others. At first glance it looks like one of those scams we see in our spam mailboxes. However, there is truth and opportunity to it. The small Italian municipalities, which encounter the problem of depopulation, try to counter it by repopulating old abandoned houses. To make the offer tempting, they offer them for the symbolic price of 1 euro.
The municipalities participating in the project in Italy are now more than 60. Most of them are located in the south of the peninsula, on the islands of Sardinia and Sicily. For those looking to move to Italy permanently or looking for a second holiday home or who want to open a hotel or restaurant business, the 1 euro houses offer an excellent opportunity to do so.
Who did it and how to proceed?
On our site we have shared many stories that talk about both how to proceed towards the purchase of houses for 1 euro, and who did it.
- Massoud Ahmadi and Shelley Spencer, a US couple, bought a house in Sambuca at the end of 2021.
- The entrepreneur Vincenzo Fanelli proposed a renovation project in Taranto to set up an eco-sustainable building.
- Another American buyer bought the house for 1 euro in Itala. With Sicilian roots, he wants to return to the country of his ancestors.
- Betina Pasquali De Fonseca, Argentine ambassador to Norway, has chosen to buy a house for 1 euro in Cantiano. She will use it as a second home for the holidays.
- In Nulvi they sold a house for 1 euro to a family from Kazakhstan, now in the process of renewal.
In sum, the stories of home buyers are endless. The reasons for the purchase vary. Some are looking to rediscover their roots, some search for a second holiday home, others are buying for the love of the Italian life.
Obviously this is only the beginning of their story. The house renovation process must inevitably follow. Some houses have been in a state of complete abandonment for decades, while others just need to get a new air conditioner and a boiler. How it works and what to take into account we also discuss on our site.
We will follow the stories of those who bought homes for 1 euro to see how they renovated them.
Reviews
Riabitare l’Italia (Repopulating Italy) – book review
1€ houses in Italian villages. Sambuca di Sicilia – book review
La terra chiama – book review
Source: Euroobserver.com
Go to the list of municipalities participating in the 1 Euro Houses Project
