Now You Can Buy A Seaside Home in Italy From €1 Only If You Can Revamp It

by Suchismita Pal
Now You Can Buy A Seaside Home in Italy From €1 Only If You Can Revamp It

Want to own a house in Italy, that too by the beach? Now you can buy one for just €1. Yes, you read that right. Around 50 apartments in nine multi-floor buildings in Taranto, Puglia are out for sale at €1, which converts to just around ₹88.46 The houses are in the picturesque walled district Isola Madre, which offer breathtaking views of the sea. You get out of your own home, and you’ll have the majestic sea right in front of your eyes. Those who want to buy a property will have to renovate it within a year ( extension might be granted with proper justification).

Seaside Home Italy
Picture Credits: Unsplash

Buyers need to send a draft plan for restyling along with a deposit of €1000, which will be returned once the revamping is completed.  It won’t be mandatory to permanently shift to these dwellings and they can also serve as second homes to the buyers. Alternatively, they can be converted into B&Bs.

Italian Town Castiglione Di Sicilia Is Selling Off Timeworn Abandoned Houses At Just ₹90

Italian comune Castiglione di Sicilia is now offering around 900 abandoned houses at just 1 euro each ( approximately ₹90). Nestled in the scenic Metropolitan City of Catania in Sicily, Castiglione di Sicilia lies on the slopes of Mount Etna. It is in proximity to some stunning beaches of Sicily’s east coast too. And you can have your quaint home on this dreamland at a dirt-cheap deal. Read on to know more.

Seaside Home Italy
Picture Credits: Amour

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Reintroducing Renaissance In The 21st Century

According to a CNN Travel report, Mayor Antonino Camarda, who wants to breathe new life into his village, has stated, “We have a huge architectural heritage to rescue, packed with history. Over time, too many people have left, leaving behind a bunch of old, picturesque houses, many even dating back to the Renaissance.”

Italian Town Castiglione di Sicilia
Picture Credits: The Independent

He added, “We’ve carried out an in-depth study cataloguing each property based on maps and land registry data. According to their conditions buildings will be sold at different prices, starting from €1.” Earlier, Salemi, another quaint town in Italy had started auctioning off abandoned houses at a price starting at ₹87.

Italian Town Castiglione di Sicilia
Picture Credits: CNN

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How To Apply For The Scheme?

The launch of the scheme took place in March 2021, with at least 400 properties that were in good shape and required minimal revamping. To acquire a house in this historic town, potential buyers need to get in touch with the elaborate plan of the type of house they would choose and the way they will revamp it. For overseeing the project, the authority has also set up a special task force. The project buyers need to complete the redevelopment within three years. For more details, visit the Comune Di Castiglione di Sicilia website.