CNN Travel. 16 March 2023. Tamara Hardingham-Gill Buying and renovating a home in Italy...
Historic towns across rural Italy are at risk of disappearing due to population decline. In a bold move to breathe new life into their communities, these towns are selling abandoned houses for the symbolic price of 1 euro.
Buyers must put down a security deposit (bond) and agree to renovate the property within a specified time frame to qualify for the purchase. If the renovations are completed on time, the deposit will be returned.
These 1 euro houses are typically ancient homes located in the historic centers of the towns. Many feature original tiles, stonework, arched ceilings, balconies, even pizza ovens! They are positively oozing with charm and potential. But they need some serious love.
The towns involved in this program care deeply about this project and want to see these little pieces of history preserved and come back to life. Most towns have many talented architects who understand these properties and can provide expert advice on how to maintain their unique character while also adding some modern conveniences.
For those with an adventurous spirit, these houses offer a chance to create your one-of-a-kind dream home in the idyllic Italian countryside, while supporting the economic regeneration of historic communities.
