Follow Italianism

Hello, what do you want to look for?

... Euro Today 5,90 BRL

Destinations

Luck or trap behind houses for sale for 1 euro in Italy

Buying a house in Italy for just 1 euro is irresistible. But buyers need to fulfill a series of commitments

1 euro in Italy
This Sunday (12) Domingo Espetacular, from Rede Record, visited a village with houses sold for 1 euro in Italy.

This Sunday (12) the Spectacular Sunday, from Rede Record, visited a village with houses sold for 1 euro in Italy.

Vergemoli factories, in the province of Lucca, is proud to be the first Brazilian condominium in Tuscany; There are 17 houses that were purchased for just over R$6.

According to the program presented by Carolina Ferraz, the future residents have already moved to Italy. They want to closely monitor the reconstruction of new homes.

All houses Vergemoli factories They have already been sold and should be ready next year. The creators of the project – read local city hall – guarantee that there are still other unmissable opportunities in the region.

Domingo Espetacular, from Rede Record, visited Fabbriche di Vergemoli, in Tuscany | Photo: Bella Toscana

Dozens of Italian villages, in the regions of Toscana, Puglia, Sicilia, Sardinia, Piedmont and even the rich Lombardia they have houses for sale at symbolic value.

The objective is clear: to rebuild small towns that were abandoned during the rural exodus, due to the Italian economic miracle of the 1950s and 1960s.

The youngest people fled, the elderly who remained have already died and the heirs have no interest in maintaining the family's old home.

They are generally isolated villages with little infrastructure – no health facilities, schools, supermarkets, and most importantly, no jobs.

Luck or trap? What's behind the houses for sale for 1 euro in Italy?

The proposal to buy a house in Italy for just 1 euro is irresistible. But buyers must meet a series of commitments.

As they are historic buildings, renovations must follow strict standards.

Not to mention the demands of project creators. Most stipulate that the interested party restructures the property within a pre-agreed period and bears the costs related to the documentation.

If the buyer does not comply with the rules, the house will be returned to the city hall, and a fine will also be applied.

This is where the danger lies. Renovations are not exactly easy or cheap, and the buyer needs to deal with and understand Italian bureaucracy.

On the Idealista real estate portal it is possible to find habitable houses in the same Vergemoli factories from 40 thousand euros. Value similar – or lower – to what the buyer of houses for sale for 1 euro in Italy will have to invest in renovations.

Watch the Sunday Spectacular report here

Also check out:

Destinations

Sambuca di Sicilia, Italy, attracts 221 buyers with its 1 euro house project

Destinations

Italian village offers 1-euro houses to Americans upset by election results.

Daily

Rubia Daniels acquired property in 2019 after discovering that an Italian city had launched a local reuse project.

Daily

In Sambuca, Sicily, you are increasingly likely to stroll the narrow streets and hear the North American accent