CNN Travel. Silvia Marchetti. 29 July 2022 When dozens of towns across Italy started selling crumbling buildings for the cost of an espresso, people from all over the world were prompted to grab a slice of the action -- and for many different reasons. It's not always about chasing the idyllic dream of living La Dolce Vita in a rural, sleepy village where time stands still. For some, it's part of a...
Financial Advisor. Alice Kantor. 20 July 2022 More Americans are relocating to Europe, driven across the Atlantic by the rising cost of living, inflated house prices, a surging dollar and political rancor at home. Italy, Portugal, Spain, Greece and France are among the most popular destinations. Sotheby’s International Realty said requests from Americans looking to move to Greece rose 40% in the...
Forbes. Cecilia Rodriguez. 15 April 2022. Normally when people hear about European towns selling houses and even entire villages for symbolic prices — €1 — they’re not planning to move or change their lives but the offers are so intriguing that they wonder: ‘Why not’? There are so many semi-abandoned small towns in Europe with local officials looking for creative ways to revitalize their...
CNN. Siliva Marchetti. December 3, 2021 Buying a cheap property in Italy is an attractive prospect for many travelers, particularly with the ever-growing number of towns offering up homes for next to nothing through regeneration schemes. While some have been brave enough to take the leap and snap up a house ranging in price from one to a few thousand euros in a rural Italian village, others are likely...
Business Day. Alice Kantor. October 21, 2021 Homes in Italian cities and the countryside have always held an allure for foreign buyers. Now the pandemic is supercharging demand from well-off Americans and Britons. That’s because a range of tax incentives, relatively lower prices and the potential for working remotely has kindled their desire to buy second homes in Italy. “There’s been a...
Scott Thompson first arrived in Sicily in 2007 in search of a warm and sunny holiday escape from rainy Manchester, UK. A home builder by profession, he purchased a small house in Cianciana for €5,000 and planned to come for three months to work on it. Unfortunately, Scott did not purchase his house through either a comune or a licensed realtor. The resulting problems caused him to spend the next 10...
CNN. Silvia Marchetti. September 10, 2021 Buying an abandoned home in a tiny, depopulated Italian village is something that many travelers will have mulled over, especially given the vast number of bargain house schemes launched in the European country over the past few years. After CNN Travel reported earlier this year that Latronico, situated in the deep south of Italy, had launched the...
CNN. Silvia Marchetti. July 23, 2021 Ever dreamed of opening an artisan boutique and settling down for good in an idyllic village in Italy's deep south where it's warm almost all year-round -- and get paid to do it? For those willing to take the plunge, it could soon no longer be just a dream. The region of Calabria plans to offer up to €28,000 ($33,000) over a maximum of three years to people...
TheMayor.eu. Tzvetozar vincent Iolov. May 25, 2021 Small Italian towns have definitely been devising an interesting strategy trying to reverse the demographic decline that is now an all-too-common phenomenon in the European countryside. We have all heard of the various 1-euro house offers to future residents, and now there is a different twist on that tactic from the towns of Santa Fiora...
Bloomberg City Lab. Stefania D'Ignoti. May 21, 2021 After thousands of young workers fled urban lockdowns to the countryside, village leaders are trying to make sure they stay. It’s easier said than done. A Medieval hamlet perched in the Madonie mountains of Sicily, Castelbuono looks straight out of a fairy tale, with narrow, winding streets and a stone-walled castle from the 14th...
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