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Was Italy’s $1 Home Scheme Worth It?

Insider News.  March 1, 2024 The $1 property scheme attracted people from all over the world to buy old homes in dying Italian towns. But did it work — and how much did they really spend? We spoke to Tam and Gary Holm and Danny McCubbin to find out. Watch the video...

These Americans bought abandoned homes in Italy for as little as $1 and spent thousands renovating: Was it worth it?

CNBC Make It.  Jennifer Liu and Mickey Todiwala.  February 22, 2024 Picture this: A house with extensive mold, water damage, termites and a collapsed roof in a tiny town where you don’t speak the language. Not exactly a prime real estate opportunity, right? For Rubia Daniels, though, the dilapidated building in Sicily also served as an exciting chance to build the home of her dreams — and it...

I bought a four-story house in Italy for the price of a Mars Bar

The Sun.  Hope Brotherton.  28 September 2023 A couple who snapped up a cheap home in Italy, quickly purchased a €1 property too. Jeffrey Pfefferle and his partner Leon McNaught paid just over €32,000 (£27,651) for two homes in Mussomeli, Sicily. The town launched the one euro homes to encourage foreign tourists and to stop the depopulation of the area. Jeffrey was tempted by the...

Beyond the 1 Euro home: What are the other incentives to move to Italy?

Italics Magazine.  7 July 2023 Italy is already a hot expat destination, but in recent years many towns have started offering more meaningful benefits to relocate. It’s no secret Italy is facing a population crisis: between the low birth rate, aging population, and brain drain, Italy is on the road to a demographic disaster without some serious practical efforts to bolster numbers. The 1 Euro...

I bought a $62,200 house in Italy, where I’m planning to live most of the time.

Business Insider.  Jordan Pandy.  3 July 2023 This as-told-to essay is based on a conversation with Lorrah Minton, 53, about her experience buying low-priced properties in Mussomeli, Italy, a 10,000-person town in Sicily, as an American citizen. Minton chronicles her experiences abroad on her Tik Tok account. The following has been edited for length and clarity. I travel a lot. I've gone to...

Italian towns vie to attract celebrity renovators like Alan Carr to drive British demand for one-euro homes

iNews. 16 May 2023 For Italian towns fighting for survival as local populations plummet, celebrity attention can be the difference between life and death. Local administrations in Italy have been trying for years to lure newcomers by putting dilapidated houses on the market for €1, and now a growing number vying to snare celebrity buyers to drive demand for the run-down homes. In a recent...

This US couple bought and renovated a 14th-century Italian home

CNN Travel. 16 March 2023. Tamara Hardingham-Gill   Buying and renovating a home in Italy was something Doug and Leah Johnson had often dreamed about. The couple, who are based in Gloucester, Massachusetts, say they’d sometimes go to view houses while vacationing in the European country. But splashing out on a property there hadn’t seemed like a viable option until Doug came across a listing...

Meet the UK buyers who bought €1 houses in Italy

Evening & Standard. 14 March 2023. Emma Magnus Italy's €1 home scheme is the stuff of dreams. The kind that start on a dull winter’s day in London, say, sparking a vision of a new life in the Italian sunshine, living in a house that costs less than an espresso. Introduced in 2008, the scheme was intended to combat depopulation in rural towns, revitalising them with new...

US couple transforms abandoned Italian house into dream home with an elevator

CNN Travel. Silvia Marchetti. 3 August 2022 Buyers from all around the world have been snapping up dilapidated Italian homes at rock bottom prices over the past few years as numerous depopulated towns and villages attempt to revive their dwindling communities by offering property bargains. While the prospect of substantial structural upgrades, along with the red tape often involved in purchasing a home...

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