Meet the Americans, Brits, and Europeans flocking to Italy’s rural ghost towns to buy abandoned, dilapidated homes for $1

Sambuca €1 homes

  • Italy’s rural towns are in the midst of a revolution as they trial selling homes for as little as one euro ($1.12).
  • The radical schemes are aimed at combating the effects of urbanization, which is leaving some of Italy’s most picturesque towns and villages deserted and derelict.
  • Thanks to widespread media coverage, many of the towns have been inundated with interest from foreign buyers in search of a bargain.
  • I recently visited a number of such towns in Sicily, and spoke to numerous foreigners who had decided to invest, as well as town mayors, deputy mayors, and councillors.
  • Some conversations were translated by read more >>>

    Source : BusinessInsider.Com

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