Italian towns selling homes for $1
Owning a vacation home in Italy doesn’t have to be a fantasy. In fact, it’s easier than ever to find your the charming, Italian bungalow of your dreams. A surge of places in Italy, like Ollolai and Sambuca, have been famously selling off their old homes for only $1 in hopes of reviving their little towns that have suffered from population decline and disrepair. Of course, some buyers out there stay wary. Frankly, buying a home for only $1 (technically, one euro) sounds nice, but you also have a lot of risks simply taking on a place, sight-unseen. But some towns are trying to change that in hopes of getting some more buyers to bite. Two towns in Italy, Zungoli and Mussomeli are making some strides to help soothe the fears of would-be buyers. Both towns have launched websites to help you find the Italian retreat you’ve always wanted. The new website for the $1 homes in Zungoli gives any potential buyers some basic information about the house they’re looking at, but most importantly, a picture of the exterior. Most homes are between 50 and 100 square meters (538 to 1,076 square feet), but they all are in desperate need of renovation. Anyone who wishes to buy a property must commit to renovating it within three years plus a pay a €2,000 (about $2,250 USD) security deposit and provide a detailed application with plans for the home.
Tags : INTERNATIONAL