What can you buy for 1 €? Or if you are not in Europe, think of the same question, but adapted to your currency. I bet that just a couple of silly things come to your mind: toothpaste, umbrellas, junky food… But what would you do if I tell you that you can buy a house for 1 €?
Mind-blowing, isn’t it?! And the best is that it is true. Can you imagine yourself living in the lovely country of Italy? Old houses that need to be rebuilt are being sold for this affordable price with the idea of attracting new residents and tourists to these almost unoccupied towns.
I have to be honest, these towns are not located in the big cities, but are still an amazing alternative for those looking for summer houses, are retired or enjoy a simple and quiet life.
All these towns have something in common: the most beautiful landscapes and views. They all are located near volcanoes and islands with stunning views of the Mediterranean Sea.
Peace is what you will get in exchange, so be prepared for silence. These pretty towns are in Sicilia, Piamonte, Marche, Campania, Toscana, Lazio, Cerdeña, and Abruzzo.
What do you need to get yours?
It changes from town to town, but in general, you just need to invest at least € 15,000 in the property during the next 3 years after getting it. An advance deposit of €5,000 will be required from you too, but with the possibility of claiming the money back after you have rebuilt the house.
This ambitious project has been out for people since 2008, but seems to have a bigger impact after Covid-19, as this country was highly affected by the pandemic. However, many of these towns are virus-free, so you can be sure that everything is gonna be fine!