Buy A House In Sicily For One Symbolic Euro

Buy A House In Sicily For One Symbolic Euro

It sounds unreal, but it isn’t. Gangi, a small Italian village, inhabited by 7000 people, in the centre of Sicily, a bunch of pittoresk houses are being sold for 1 euro. Why? Gangi hopes to stop the population decline and gives the economy a boost. There are still about two dozen houses for sale for 1 euro, while 300 other ones are for sale for 5,000 to 15,000 euros.

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The houses are close to nature and the mountain Madonie, about 120 km south of Palermo. The owners left the houses in the 1920s due to poverty, disease, and mob attacks. You will find valuable treasures (18th century tiles, old wood ovens, beamed ceilings), and the beautiful view.

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Of course, you must take into account some additional costs: a deposit of Euro 5000 to future owners, refunded after renovation within 3 years. The corresponding cost varies from 6,000 euros and the overall work is estimated between 20,000 and 35,000 euros.

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More information can be found on the website of the municipality of Gangi.

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