Real Estate

Espresso, deep thoughts, more espresso: Renovating a 17th century home the Italian way

Chicago Sun Times. Stefano Esposito. 2 January 2022 The Italian house you’ve always dreamed of buying won’t, in the end, cost just $1. Re-imagining the stones and timbers first assembled about the time Shakespeare put pen to paper can’t be rushed. It will likely take some deep thought. Some espresso. More thought. More espresso. Meredith Tabbone admits there are frustrations that come with buying...

San Piero Patti, Sicily

Tips on buying a cheap house in Italy from those who’ve done it

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...

Rich Americans and Britons rush to buy cheap second homes in Italy

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...

From Sunny Retreat to Forever Home

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...

Salemi tries again: the one-euro houses at the international auction

La Republica. Tullio Fillippone. April 16, 2021. Danish designers, an American writer, Brazilian students, Argentine emigrants and returning Venezuelans. All interested in the houses in the historic center of Salemi, hit by the Belice earthquake. Thirteen years after the intuition of the then mayor Vittorio Sgarbi, who remained a dead letter, but was imitated by other Sicilian and southern...

The Americans who bought a house in Italy over the internet

CNN. Julia Buckley. March 31, 2021 How many of us have been sitting at home, seen a dreamy picture of a foreign country, and started planning our life there? That'd be a lot. But how many of us have actually gone ahead, bought a property and planned that future life -- without setting foot in the location? Michael Barrett may just be a first. The Chicago native spent much of last year's...

Buy a house for 1 euro while saving on taxes: a unique opportunity for foreigners in Italy

The Florentine. MGI Vannucci & Associati. October 5, 2020 In 2008 the town of Salemi reached international headlines due to an interesting real estate program: houses on sale for 1 euro. Many foreigners who had always dreamed about being immersed in one of Italy’s mesmerizing towns and surrounded by its art and history, filed thousands of requests from all over the world. Nowadays,...

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