1 Euro houses?

Hello, we are considering retiring to Italy next year and saw an article about specific locations offering houses for renovation for 1 euro, yet I cannot find any more information about that program. Does anyone know about this program and if it is still available? Thank you,  Keith Swain

Welcome to the Forum :)

Yes, the scheme is still available These 2 links will explain more.

https://edition.cnn.com/travel/article/ … index.html

https://www.lonelyplanet.com/news/2018/ … use-italy/

Ollolai in Sardinia was offering 200 abandoned stone dwellings for 1 Eur provided the buyer will renovate, etc.

Deadline for applications for this project was on the 7th of February 2018 as I read in news sources.

SimCityAT wrote:

Welcome to the Forum :)

Yes, the scheme is still available These 2 links will explain more.

https://edition.cnn.com/travel/article/ … index.html

https://www.lonelyplanet.com/news/2018/ … use-italy/

Ah, still available ? Cool!

DRK, Did you go visit these €1 properties?

Same problem here:

I am a professional graphic designer and visual artist based in Michigan, United States.

It came to my attention that some Italian municipalities are selling houses for an euro and similar arrangements. I am very interested in this. Of course I can cover renovations too.

However, I have not been able to communicate with ANYONE involved in this arrangements. This includes the actual municipalities selling the houses. They have never answered my emails. Can you help me out?

What I need to do is to establish a contact with the persons selling the houses, the municipalities or the real state agents. I will appreciate any help you can give me on that point

Is there a list of real agents actively seeking expats to occupy these houses? For both aesthetic (given my field) and economic reasons this is a very good prospect; yet I feel I am wasting valuable time. If you can help me out with some precise info, I´ll be very grateful.

Regards,

Agenor

You need to know where the properties are, then visit the comune site for that particular comune.  They will have the details of what is available and how the process works - which is different for every comune.  The latest one is a town in Abruzzo - Pratola Peligna - which asks for no deposit, but wants an executive restoration project submitted within 6 months - otherwise there's a huge fine.    Bear in mind that houses for 1 euro is a way to repopulate places where nobody wants to live.   It will cost you the same or more as buying a restored place nearby, as the market is depressed, and resale values will be low - so the chances of you ever getting your money back are slim.   If it seems too good to be true, it very probably is.

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