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Buy a whole house for just 1 USD in Italy

In some famous cities in the US such as San Francisco, the price of an average house is more than 1 million USD. But the town of Sambuca at IDEAwest of Sicily, you can buy a house for as little as 1 euro or 1.15 USD.

In recent years, residents have moved to major cities and the local government plans to sell abandoned houses in the hope of regenerating and revitalizing the town. Each house is about 430-1610 ft², small in size but most have their own entrance.

However, here’s a trap: If you buy one of the houses, you’ll have to spend 15,000 euros ($17,100) to renovate them over three years, because many abandoned items are scattered with old furniture. . You also have to pay a deposit of 5,000 euros ($5,700). Actually will need more than 22,801 USD. Still, it’s not a bad deal. In 2016, Sambuca was called the splendid city and was nominated in the contest The Most Beautiful Towns in Italy.

Giuseppe Cacioppo, Sambuca’s deputy mayor and tourism councilor, said: “This fertile land has been dubbed Heaven on Earth. We are in a nature reserve, filled with history. . Beautiful beaches surrounded by mountains and forests. It’s a quiet and peaceful place, an idyllic place for a vacation.”

Walk the streets and you will see a variety of Arabic architectural styles. Tour guides can lead you through the “sunken city” – a maze of underground sandstone corridors. It is rumored that the souls of Saracen soldiers will appear in caves at night. But there are no confirmed cases yet.

Sambuca isn’t the first to try to boost the local economy by selling homes at bargain prices. The town of Detroit, Michigan tried to sell run-down homes this way. The town of Gary, Indiana recently introduced its “Dollar House Program” by: Officials there will use a lottery system to give home ownership rights to people who can’t afford to buy.

And other Italian towns facing a shrinking population crisis have launched similar initiatives. Last year, the Sardinian town of Ollolai announced a plan to sell 200 homes for 1 euro each. In 2017, the town of Candela in Puliga also launched a plan to pay people to move there. If you want to take advantage of the offer in Sambuca, you should act now.

Mr. Cacioppo said: “About 10 homes have already been sold. Dozens of other homes are ready for sale but in dire need of a makeover. People from Switzerland, France and Spain have contacted us and we’ve had a lot of fun. I get a lot of requests.”

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