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...
Information and resources on where to start to find and purchase a 1 euro or bargain house in Italy.
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...
Travel+Leisure. Stacey Leasca. 31 July 2022 It's very possible you've never heard of Sambuca, Italy. It's not a place made famous by Instagram, nor a place filled with any particular industry that would lure in the crowds. It's a spot that's barely a speck on the map, located some 42 miles southwest of Palermo on the island of Sicily, with fewer than 6,000 permanent residents. But it's a spot worth...
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...
ITV News. Rachel Younger. 15 June 2022 Depopulation is an issue that has blighted many rural communities across Europe, with extreme action being taken by some local authorities to combat it. One of which is the 1 Euro House Scheme, which was set up in Italy in 2017. It offers buyers around the world a chance to secure a traditional home in a small Italian town for the price of a pizza slice. With the...
Suggestions for how to maximize your time to find the perfect village and bargain house.
CNN. Silvia Marchetti. 4 May 2022 There’s a place on the Italian island of Sicily where you’re increasingly likely to hear an American accent wafting down its narrow streets instead of the local language. Sambuca di Sicilia, which gained a reputation as one of the first places in the country to sell off old houses for next to nothing, is becoming something of an Italian “Little America” after...
The Times. Victoria Brzezinski. 20 March 2022 Finding an unknown corner in one of our favourite countries is the holy grail for tourists. For locals seeking to attract visitors it’s a different matter. Which is why the hilltop town of Sambuca di Sicilia, a little over an hour’s drive south of Palermo, but far off the radar for most holiday-makers, is trying to whip up some enthusiasm and put itself...