Homes in Sicily, Italy, sold for one euro - with a catch
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- Опубліковано 5 вер 2024
- In parts of Italy, homes are practically being given away with a price tag of one euro. But the deal comes with a catch. Seth Doane reports.
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“That’s a castle”. Proceeds to not show the castle.
A fortified house isnt always good looking or comfortable; people mistake castles for palaces. A castle is just a very sturdy building.
Pedro Pimenta Totally get that. There’s a reason so many castles are in ruins.
Still want to see it though 😐
@@Dreyno me too! Such a tease... casually says "it's a castle"..!
Shut up David
"My disappointment is immeasurable and my day is ruined"
Other countries: “Oh no overpopulation!”
Italy: *”Pizza, pasta, houses for a dolla.”*
PIZZA TIME
🔥🔥
da. da da da da da daaaa daaa da da da da. da da da da
"Euro"
Deliver it to my house and...
We just gonna ignore the fact the lady had a giant key to a castle and we didn’t get to see it?
Maybe she likes to keep it to herself it's her buisness
9
Is no one going to acknowledge that CBS sent a cameraman just to video the ladies having video-chat with the anchor 😂
Lol yh that bit lol 🤦🏽♀️
ha ha ha..
Might be someone on fiverr
Good job to have lol
Probably a local contractor
So we're going to skip that theirs a castle for sale.
Yeah you saw that too? I would definitely be making some phone calls...
Exactly 😆
I've always dreamed of living in a castle. 😂❤ maybe this is my chance lmao jk
@@miss.yummy69 good luck with that
No plumbing, electricity and also they are damp and always stink
the mysterious
thats why contruction exist. drill holes and create plumping. how do you think houses are made.
1 dollar homes are a sure way to create an Airbnb town
Lmao that's true
@期待Spәranzә id pay for an Airbnb on Mars. This town is wine country
Orlando
Better than the houses sitting empty.
Better than having the homes deteriorate further, and it’s not like they’ll be able to get a return on investment, because people will simplu refurbish the houses next to them, and you have to find the time and the money to afford to fly there for vacations. The values are further diminished if home owners in the area are willing to sell for less than they are. They are basically rebuilding the homes for the Italian government and the local community. From 4chan pol.
It’s either this or the one dollar Detroit homes...
Blanca Velasquez; I live in Detroit. The City Land Bank does not have a program selling houses for a dollar. Just to let you know...
I’d pay full price to not live in Detroit
@@get2choppa get2choppa; We'll happily pay you to not live here. Haha...
@Jaguy Jaguy; Oh have no idea of the growth here, do you? Since the Detroit bankruptcy, the money has been flowing.
Where’s the rest of your sentence
Property tax is how they get you.
What's the tax if you say so?
Veterans with %100 rating don’t have to pay property tax in U.S. not sure about foreign land.
If it's anything like the £1 houses they sold in Liverpool England, they had a time frame to get the house back upto code otherwise they default on the contract and it reverts back to the government. It's almost impossible to insure the property aswell.
www.bbc.co.uk/news/uk-england-merseyside-34474378
www.liverpoolecho.co.uk/news/liverpool-news/gutted-1-house-owners-face-16663580
Where's the work at? People got to work for a living
Athenastarbrite. What do you think?
Sicily: *filled with culture and history*
Lady: gOod geLaTo~
She didn't want to mention the corruption.
Lol but it's true I've been there
Also expensive to live later but sicili es beutiful. For a young couple can be difficult i guess
Gelato means ice cream in Italian
@@lelaviation9869 not the same thing
Banks in US : “ Houses must enslave people to a bank for 30 years minimum”
Italy; “Hold my Wine glass”
Fun fact: Italians invented the banks 😜
Fun fact: Italians come from italy.
Lan Dewell Funny
@@landewell6862 fun fact italians speak italian
The American Dream is to be in debt 90% of your life or more lol.
I'm an Italian who lives in Northern Italy. While I'm readingg some of the comments people post on UA-cam, it seems that they don't know what's really going on in Sicily. Houses run old, but it doesn't mean that they are worth so low. On the contrary, some houses taking back to 16th century can be worth thousands and thousands of dollars. The older the house, the higher its value. The guy who wears the white shirt is correct. Apart from the first house, we must pay property tax on other houses. But it has nothing to do with housing in Sicily. Local governments are proposing and selling houses for €1 in order to attract foreigners and foreign capitals and to convince them to set up new businesses down in Sicily and make tourism flourish again. Due to the economic crisis back in 2008, people faced losses and banks were less willing to lend money to make investments. With Monti as prime minister back in 2011, Italy had to cut public expenses, especially Healthcare, Education and other public services and added more taxes. So, tourism has plunged and many business owners had to close down forever. In conclusion, the €1 house is a subsidy to relaunch local economy based on tourism, and make these charming hamlets, which I suppose are the most beautiful all over Europe and probably the world, revive and let foreign citizens establish their residence permanently there.
Cry Dega99; Thank you for explaining another view.
This makes sense
Thieves, scammers, and overpriced restaurants its what ruined tourism in your country.
It really is something to think about though. Thanks for the info on the background info
The trick to avoiding scammers when you’re visiting another country is to not talk to strangers who randomly walk up to you....
I’ll be back, I’m gonna buy a whole city!
You'll have to pay tons of taxes to own more than 1 unit there lol. Good luck!
That’s not how buying houses work
You have to pay taxes
Bills etc..
it cost a dollar with so many condition.. billionaire don't want it... I don't think you own the land either just the space....and the other cost.... that where it got very scary...
@J S Back to wikipedia you go
😂😂🤣🤣ok
Well I have a Euro ! But If only I have enough for the flight ticket !!
Hahaha
Lol same.
LOL Me too.
Plus closing costs , renovations, ect.
i mean do they have free visa?
I wanna see a diy show where people buy these and fix them themselves
Gentrification 🤢
there is a dutch tv show called "het italiaanse dorp: ollolai" ....its basicly that. there is even a second season in a small spanish town...
I looked up the city's names and on the firt website that pops up there is an invitation for you to apply for a primetime show on renovating the 1 euro houses
La Da di the alternative is everything rotting and crumbling and being lost to time
Ingrid Pinheiro That’s interesting. It would be a cool project.
That’s cool, but anyone hiding Vito Andolini will regret it.
👏👏
"He will grow up to be big and strong."
It was barzini all along
Wheyyy
Lmao
Anyone else think it weird that this guy skyped those people while they also had cameras there while they skyped?
Lmao yes
Product placement
They probably Skyped yes. But the producers probably asked the homeowner’s to set up a camera next to the laptop, because they knew the Skype call would be grainy on both ends. 🤔 that was the conclusion i made but of course i could be wrong. 😂
Well if they are using production cameras and not in a studio to get audio and video feed. They can't talk through a regular filming camera, duh. Plus the internet ( audio/visual) could be spotty with Skype. What would they do then? Better to be over prepared than to have to shoot everything all over again. Its called "planning" and common sense.
YES I noticed that.
I want to see the castle house
Jadden that’s 2 dollars
Jesse Sherman “tricks are for kids” 😭😭💀
Benjamin Shepherd yes because everyone is American. Smh😂
2:58
Excuse me. Fifteen of those castle houses plz. Here's a $20 and keep the change.
😂😂
@Private Notitia and high taxes for each
David Yu vídeo says . In Italy if you own more than 1 property, you pay a lot of taxes
Private Notitia thats still not bad tho
Ol lac how muchin taxes is 1 house
renovation scammers have got to be thrilled right now.
A dump in Sicily: 1 euro
A dump in San Francisco: $600,000
KSMaxiefan01 are you kidding? Nothing sells that low in SF.
San Francisco starts at 1.2 million buddy. Most expensive city in the world.
At least one doesn't have to bring their own rocks.
looks like its one earthquake away from becoming rubble lol
No doubt it’s a straight concrete coffin if a major earthquake
😂😂
Doesn't look like it's gonna happen, or it already would have. Remember, these are European structures, not American. They are built to last. Europe laughs at the way we build houses.
@@painkillerjones6232 lmao sure they did after world war 2, cowardly waiting for American help
@@cyrus10834 that makes no sense
Now, just to learn the language, earn enough to get there, find a job there..
@@LuckyMe24-7 thank you for the vote of confidence! I speak Spanish as well, so maybe Italian won't be too much of a stretch💌
and wait for the muslim invasion
@@be4unvme I have no fear of Muslims.
@WSL I would be more afraid of ignorant Americans (not all Americans) who probably don't speak more than one language and eat corndogs. The same kind that think they can speak English wherever they go. To think that they would ruin all those small charming towns. If my comment sounds ignorant is purposely done to point out the stupidity of sweeping generalizations.
@@CaracuSC Actually your comment makes sense. I wouldnt worry about a few Americans, but a lot might be a problem. Not as bad as many muslims, possibly other tribal groups.
America: “we can’t give everyone a house”
Italy: **i’m about to give this man a career**
Made no sense but ok
Made no sense but ok
Made no sense but ok..
*whole coorear
Good... move there then
Next up on Mr. Beast
Buying And redecorating a whole town
Giving it to the less fortunate
Lol like the episode when he bought everything from save a lot.
What is sad is how all the comments are Americans looking for a reprieve from the US property pricing issues?
Houses in Detroit also sell for $1.
Bear Bonez than*
Yep
ourworlds atwar not many Ethiopians in Italy!
ourworlds atwar pretty sure the whites are to blame for all that.
I’ve traveled a lot and Sicily will always remain the prettiest city my eyes have ever seen
So you’re saying I can buy all their homes with a slice of Sicilian pizza
Probably not even one
You have to spend money to do it up and live there otherwise you don’t own up after three years
Limit is one per family, and they may not be habitable, IE you have to make it where you somebody can live in it including water electricity, Plumbing, etc. These things are not cheap
No vengan a Italia..ustedes no tienen cultura para vivir en europa
David T Plus other 20.000 slices of Pizza minimum wage to bricklayers and for materials and furmitures accomplishing the catch of restoring it... 🤔
If they can’t find anyone local to buy it for one euro, that’s called a clue guys.
They can’t find locals that’s why they sell it for one euro. It’s all made to avoid that town to be completely abandoned because only old people live there like in other small villages in italy.
Carosello Show that’s exactly right. Young people often don’t stay in these towns. It’s sometimes very odd how few young locals you encounter when traveling through Italy.
Didn't you hear the report. If you own multiple houses they stick it to you harder with taxes.
I prefer my old town than living in a big city
Because most of them are gone and they want who ever buys the home to start a local business to start tourism
"We reached them by video chat" As they show a clip very clearly shot on a professional camera by their new team... lol
Chicago used this approach years ago. Buy it low, and they get you in taxes
It will cost $150k to renovate these homes, plus fees and taxes every year, to end up with a home in nowhere, no work no infrastructure no amenities, "Niente" like they say in Italy.
Reminds you of what is happening in Russia with free land until you get there.
Home "nowhere, no work" is the entire point of all that take this deal. "No infrastructure no amenities"?? What do you know that we don't from this video?
@@sergeybebenin more details here
www.cnbc.com/2019/06/03/town-of-mussomeli-in-sicily-italy-selling-houses-for-1-dollar.html
@@sergeybebenin I have been to100's towns in Italy. I have been to Sicily over 20 times.... for some ppl this might be a good idea, but the truth is Italy has decrease in births, which is at an all-time low since the unification of Italy, and a increase in the emigration of young Italians to other European countries in search of job opportunities. According to ISTAT nearly 157,000 people left the country in 2018. Many many towns ALL over Italy are being left behind. Where my grandmother was born, in my life time half of the towns population has left or died off in the last 30 years, right in front of my eyes. For ppl that can afford a 2nd home or are in retirement this might work.(especially if you are a do-it your-selfer). In most situations reselling wont be profitable. Again for some this would be a good adventure.
"If you have a second home in Italy the taxes are very high"
Wait, guys we might not all have to move to Italy if we stop treating wealthy people like a protected species!...
These homes are 100s of years old and are historic and in beautiful Sicily
At least. Some go back to the middle ages a few to Roman times.
Some as far as the 220 AD
But Completely useless lol
Obviously you know nothing
Who tf cares about the age you're trying to live in it comfortably
Put some refugees in there and give them free food for 3 years and sell them the houses, so they repair them and live there and get a job after the 3 years
Best comment, yet very few replies.
SO RIGHT!
Good idea.
Very good idea
They don't want another MOORISH INVASION. HALF THE WOMEN TURNED OUT MIXED
Seems like something is missing that they're not telling us. Gotta be another reason why they're selling for 1 Euro.
I think if you buy a house for 1€ you are obligated to invest at least 30k in renovations within 3 years. That’s the “catch”
@@Sariz38 and that's not alot at all. I'll have problems spending all that money on a home that I'll barely be in and won't have anybody to check up on and keep up with it
No don’t do it Sicily San Francisco’s will ruin your city trust me
Yayareaaaaaa
Tobias Rieper ok Boomer
Tobias Rieper 😂😂😂
@Tiuz Kanggz ok boomer
Tiuz Kanggz the current state of your economy, you need us.
The other catch is paying kickbacks to the local mafia.
MaxwellMax Oh and you’d know because you’re some absolute mafia mob boss? Literally shut up you know nothing.
@@Elijahgoods found the mafia.
Cece Doge Yeah you’re mad kid😂
Unoriginal.
😶
The realtor was holding them keys like a pack of candy beads: "hey papi which want you want? I got green, blue yellow...you pickey. You pickey" 🤪
D Es Papi is a Spanish word but ok
What's reeeeally going on here. And why aren't they showing any of the towns people anywhere?
Karly Pearl lie birth rate/ population decline?
Climate change maybe city is drowning
@@bekabeka71 dude no its nowhere near the sea lmao
Just get Joana Gaines in there... she’ll fix it up
Oh no, her style is not compatible with these homes. Keep her in Texas.
The real catch is that these people will soon be paying $2000 a month in “protection “ to Cosa Nostra.
Do you want to share any other brilliant cliché with us ?
Well until you start a business there's nothing to worry about. Mafia don't care if you spend money for a house. But we're talking about a very little village, not a town, so probably it's safe over there
Eric x hit the nail on the head like bada bing bada boom. You open the door one day and a Joe Pesci looking guy with a shotgun says to you "Say hello to my little friend" BAM! Your capish.
@@MrNaysh It seems the plot of badly reviewed movie. I ve being go there for years and it's safer then any big touristic town in the continent aka Rome Paris or Barcelona.
Cosa Nostra= our thing, at least write it right xD and not every little town in Sicily has a Mafia problem, thank God.
wanted to do this months ago, turned it down real fast after proper research
What was your concerns and what is your conclusion about this ; is it a chance or just another way to lose money?
Imagine game of thrones shoot there those house could cost millions.
Damn not really but yeah they'd be worth more
They shot in Matera. The real estate still didn’t appreciate because the town ran a promotion as well to get it developed. It was through AirBnb.
Malta
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The ironic part is the people in California will finally have homes they can afford even after renovations of fixing the house.
I’ve been to Sicily while I lived in Rome and I honestly would not mind living here
Americans always talking about food, Italy has more than that 🤦♂️
Nasir Jama 😂😂
Refugees too
@@cheapcigs9772 troll. the latin alphabet that you use to troll people as a starter
With a cat..
me: “SAY NO MORE”
I would pay 50 for the castle, just saying!!!😂😅
So you would have to redo everything inside tho u can’t live there
Alezandra Davila you can live in there, it’s your house
Why wouldnt you be able to live there? Because its ugly?
it’s rough sure, but that’s the point, they’d rather have new (foreign) homeowners pay to renovate it themselves
That's the whole point. The only money you have to pay is redoing the house. Instead of others doing it if your financially stable you can make a remodel of one of those houses sounds cool to me.
You can live in the house you buy, but it looks like most are just speculating. They get an investment group, pitch in a few thousand each to renovate, wait for the area to develop, and watch their investment appreciate in value.
Americans we have a housing crisis
Italy we’re gonna fix that
Nah really just failing birthrates
except they have to renovate the home, that's the deal. lol it's not about being a socialist and giving away homes, they are incentivizing people to spend potentially 100s of thousands to fix them up
@@CLynn-rn1hu Yeah for me around £450k
A.J. Bensinger that made more sense than taxes. Yesterday I learned NYC population/and density Peaked way back in 1911.
America: we have no cultural culinary cuisine to show the world
Italy: allow us to introduce ourselves
My Italian friend who lives in Italy said these houses are empty because of the mobs, and people leaving to another countries.
Ashante Hernández so you get a house, you repair it and then mafia makes you to give it up?
@@AnieNiusika not sure hon.
The mob has nothing to do with it, it's just that these towns are in the middle of nowhere in an already underdeveloped region (Sicily). There's no work to be had there, so newer generations just leave them and flee to bigger cities or even abroad. The towns themselves keep existing for a while since the old generation still clings to them, but once they die off nothing remains.
I'm sure the mob if anything would be ecstatic if these villages got back on their feet - this way they can benefit from the influx of residents and tourists by opening restaurants, hotels, etc.
There is much more to the catch. You need licensed local professionals (la cosa nostra ) to fix it with inspection...good luck with that if you find out later.
They do this same thing here in the states. A few are major cities like Baltimore. Same deal, dirt cheap but you have to bing it up to code.
I think it's a good idea to repopulate dead cities or villages
For sure!
“In Italy if you have more than one house, you have to pay a lot in taxes.” Now that’s just bureaucracy. That’s the biggest problem with the Italian economy today, too much red tape and needless regulation holding back development.
exactely. "too much red tape and needless regulation holding back development."
Sounds like a great deal if you got a ton of money and time to throw around. I'd buy a dozen and turn them into mushroom farms.
Didn’t they say you get taxed heavily if you own more than one home?
@@NemeanLion- Did they? I didn't hear that part.
@@BubblewrapHighway yes they did that's the catch but if you had big money that probably wouldnt be a problem
Why a mushroom farm? Seriosly curious.
@@joecervantes4637 Fungus is the vanguard for reforestation. Our logging and agriculture practices are turning fertile land into a desert, fungus can reverse that very quickly. It filters and stores water, feeds almost everything, prevents erosion, distributes antibiotics, saves bees, digests radioactive waste and fights cancer and a huge list of diseases.
I could go on, so watch the trailer for Fantastic Fungi, it's breathtaking.
whats the contracting situation over there being its on an island and all? is it expensive to source materials and how much of the original materials must remain?
The catch is you have to restore homes in need of major repair within 3 years. Also, you can only own 1 home in the area or pay exorbitant taxes for owning multiple properties.
I can't believe this. Italy is the most amazing place on earth
Ima buy that whole area for like 150 euros and then sell the houses for 50 euros each
AFTER you renovate them or..?
Sicily is separate from Italy in ALL aspects. Language, culture etc. Stationed in Sigonella, I fell in love with the people and the culture. Too bad this same idea of houses for 1 Euro isn’t offered in Palermo. I’d buy in a heartbeat.
This rule can reduce the cost of the house's rapidly. Then everyone one can have their own house.
It costs a dollar but costs 250,000 dollars to fix up. So the title is misleading. You could just buy a house in Italy already made for that price in a city thats actually thriving.
I just thinking, how they get a fresh water?
Give it 2weeks. Everything will be restored and a McDonald’s on every corner.
0:27 That room looks like a ghost going to pop out anytime.
He better pay rent!
@TruthBeTold Lol you just never stayed in the right house lol trust me but ok...
Its more like, "we can't afford to renovate so pls revive this ghost town with your money."
So ? They practically give you the house for free, you just have to renovate it, the costs are less or equal to buying an already built, ready to move house, or buying a more expensive one and less damaged. Those who buy them don't buy them for that, they buy them for the location, the experience and all that comes with it. Also the municipality is not obligated in anyway to renovate your house(as an italian owner).
We reached some of them by video chat.
2:16
THE CAMERA ANGLE IS LITERALLY BEHIND THE COMPUTER
You have to commit to renovating the house within 3 years, and prove you have the funds to do so. Not a bad deal.
I don't even have enough equity to buy this house...
Not so cheap, after you start paying the mafia lol.
I'd seen a news broadcast (a while back) where the local population of one of such towns had complained of "waist" management issues. The local mafia had been managing the waste disposal & had been dumping on public lands. There were also traces of radioactive waste.
Kevin Cline lol how do u go to jail for not having a jackson🤣
@@mariomoso1059 he's simply been watching too much JoJo
@@mariomoso1059 essentially if you dont have the money to bail yourself out or have certain things you are stuck in the system. I.e. you must have a license on you at all times BUT it costs to have a valid id. So poor people who can't afford an id are criminals. There are a lot of other laws founded on people having money.
@@tzermonkey That reminds me of New Jersey.
The Sicilian landscape is beautiful.
Can one do those 'dirty Jobs'in yowa sicily
@mary munalula huh?
My grandmother's house to the west of there was for sale 17 years ago for €350,000. Two rooms, mud, one window in front, no backyard. I wonder what it would go for now?
What I'm wondering is how bad are those property tax for local people to not take advantage of this? B/c if you can by it for $1 and pay over 10k+ for property tax then who's playing who.
No way earthquake country
Do those buildings look new? They've been around a few earthquakes with no problems. We build crap in America, because we want it to have to be replaced. Good for the economy.
@@painkillerjones6232 look at what happened in amatrice or asissi, all old buildings, all went to rubble in an instant
@@RendererEP Buildings that had been there since the 15th century involved in a quake that would have leveled any other average structures to begin with? Really? Your standards are kind of high, are they not?
@@painkillerjones6232 if they keep surviving earthquakes, surely one day they will collapse because the old foundations will be weakened each time
@@painkillerjones6232 watch news reports of earthquakes that hit italy, there is generally a village or two that are levelled to the ground
The Italians going full Don Corleone,damn...i want me one of those homes.
Ok im moving to Italy it’s always be a dream ! For a dollar $1.20
Did you even see the whole video? You got 3 years to remodel and renovate the whole house. Its an island too, so gg on cheap supplies.
The one renovated place they showed the guy said they did the work themselves. Where's home Depot in Italy?
It's an auction, they start at a dollar and go up, highest price was 25,000.
BUY LOW- SELL HIGH
Would really like to know why the closing costs are so high
@@TruckTaxiMoveIt because of all the money spent on renovations
"If somebody offers you something that sounds too good to be true, it probably is."
Except this time it’s not
Distant except if you hear the $3000 in closing costs part. A little bit more than $1
@@Betoruffo you have to pay to renovate the house within 3 years otherwise you lose it or pay very stiff penalties. No mention of cost but assume 50k+. You always get what you pay for folks.
David Mikhail even at $50k in renovations, that’s a very cheap home that can be paid off quickly if you have income or savings. You can’t buy a home for $50k in the US unless it’s a shack out in the country. Western Kansas is offering land to people that will build a home right now and live in it.
@@kimrene2120 it depends on the housing market. Keep in mind this isnt mainland Italy. Its Sicily, a small island with basically no jobs or economy but a lot of mafia influence. It will cost as much to renovate the house as the final product is worth, which is why they're being sold for next to nothing. Great opportunity for people with money looking to retire or have a summer home on the Mediterranean, not so great otherwise.
Now someone from NY goes there and buys a house with an American Express card for 1 Euro.
I live in utrecht, Netherlands. Average house sells for 300k. A house in those conditions sells for 200k with ease for the simple fact that there's ground underneath It.
What are they not telling us??? Why are the Italians not buying
I would consider if the hills in the distance didn't look so dry, just like Southern California. Looks like water shortage is in store for the future, just like Southern California.
Both California and Italy are what's called Mediterranean climates. It's completely normal, and has been this way for thousands of years.
Both Mediterranean climates, hot dry summers, cold wet winters, we get fires too, not as bad but still
so basically they aren't selling houses but land claims...
Smart Italians selling those houses to old Americans because in a few years they will be dead and the houses can be sold again 🤣👍
😂I mean 1 euro profit, they can go buy themselves some nice ice cream
Smart move for them
The buyers can give the house to their children - they don’t just give it back when they die.
sarah j. Learn real estate, sell the house for cheap, let the owners renovate, the houses price goes up thanks to renovation and modernization and location, making the neighborhoods housing coat worth more
sarah j. Honey they pay that house only one euro but they have to live permanently there and obviously renovate the buildings. That means thousands of euros of investments not one euro they are not that stupid lol
They don't mention what the property taxes are.
AND WHY WAS THERE A CAMERA MAN ALSO AT THE LADIES HOUSE DURING THE SKYPE CALL?????
WHY WAS THE CAMERA MAN FILMING THE GUY DOING THE SKYPE CALL????? DID CBS THINK WE WOULDNT BELIEVE THEM?
LIKE WHY??
CONFUSION!!!
I thought the Mother of Dragons destroyed that place in season 8 hahaha
LOL that’s Croatia
I immediately thought of those $1 houses in Detroit that look worse than the sewer lmao.
You dont "own it".
You fix it up to stay there temporarily. Its a holiday home you fix up but dont really own.
Just a scam for the locals to avoid paying tax as ita classed as "sold".
They have not told half the story
Nah, you definitely own it.
There are only two catches: the first is that these villages were abandoned for a reason - they're isolated and business opportunities are nonexistent. Which means that you'd either have to open a business yourself (which would still be difficult since you'd have no clientele as the village is deserted) or work online. Still, if enough people buy houses and actually live there, business opportunities could present themselves once again.
The second catch is that these houses are several hundred years old, meaning they're classified as historic. As such, you can't just do anything you want with them - renovations have to keep their original style and form as to not destroy the history they carry, and the government will have to approve everything you want to do beforehand. So you're somewhat restricted as to what you can actually do to it. IE: you can't bulldoze them and make a postmodern horror in its place, it will still have to be the classical house that it currently is.
Other than that, it'll be yours, no additional strings attached. It will be like owning any other home in Italy, with the same rules and taxes.
Alot of people are surprised by this. They do this in the US as well. HUD (Housing and Urban Development) has $1 homes.
€1 House cost. Renovation Permits €10,000 Renovation cost €30,000 Closing Costs €3000. All said and done you pay about €50,000.00 for a apartment flat in small Italian town. That’s the truth.
Hmmm they didn’t say anything about the crime right around the corner .
The town is populated only by old people...
SPOOKY Garlic bread TM being old ain’t mean u gonna stop . They probably robbing ppl daily
bryanmcb19 they prob all use those canes with swords in them lmao
@@bryanmcb19 There is an unfortunate amount of ignorance about crime and mafia in Italy...
Yes mafia exists but it is not even close to what people think of or see in the movies, I have a house in Siracusa and in all of the city in 5 years I have seen one "Panini di notte" (kinda like a subway but with fresh food made by locals) burnt down and 2 windows crashed with bricks in a Bar and an Ice cream shop. There is no muggings, no beatings, no rape gangs, no murders in daylight no gun violence...
If you have nothing to do with crime then crime will almost certainly leave you alone, in fact as an Italian I'm more afraid of the amount of guns in the USA than of mafia in Italy
This is not mexico dude
Almost like the dollar house program in Philly and other inner cities. 🤷
Is it just me that thought that looked like a map from BO4
Wow they really fixed that place up Italy wow.
More like houses for 25.000 euros since one of the conditions is: Envisage a restructuring and re-evaluation project within 365 days of purchase (approximately 20-25 thousand euros).
Well yeah, you've seen the houses - most of them are in ruin and obviously need renovation. Also it's 20-25 thousand euros if you let a company do all the work - nothing's stopping you from doing some or all the work yourself.
25k for a house in Italy is also still very cheap. Apartments usually go for 100k+
The price isn't really the catch - it's more about the location, as it is fairly isolated and lacks business opportunities. But that's kind of a moot point for people looking to retire or that can work from anywhere, like most online jobs.