Are the 1 Euro Houses in Italy a good investment? What is the catch? What are the costs? What happened with the first buyers of the 1 euro homes in places like Sicily and Calabria?

Discover the answers to these questions and much more. We dived into one of the most famous real estate programs in Italy: the houses for 1 euro, to understand what are the risks any potential buyer should be aware of.

If you ever thought about moving to Italy and purchasing a 1 euro house, WATCH this video before taking any decision.

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💡 TOPICS IN THIS VIDEO 💡
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🔎 EXCERPT 🔎
What's the real story behind these incredibly cheap houses?
Are Italy's 1-euro houses a dream come true
or a nightmare waiting to happen?
We went deep on answering ONE question!
What hidden costs are lurking behind such a wonderful prospect?
Because more often than not, those are NOT normal real estate purchases.
Maybe you, just like me, wonder why Italy's 1 euro houses are so cheap.
There are two explanations.
The official one
and
The “other” one.
The official one is that many small towns in Italy, especially in rural areas, have been facing depopulation for decades.
As families moved away in search of better opportunities in richer Italian cities like Turim or Milan, or even abroad,
they left behind a trail of abandoned homes.
Many €1 homes are properties abandoned by family members who inherited them under Italy’s forced inheritance system,
and do not wish to pay for their upkeep because none of them want to live in these small cities.
These empty houses became a burden.
They symbolized a fading community and a crumbling local economy.
To revive these towns, local governments decided to sell abandoned houses for just one euro.
The goal? Revitalize the local economy and prevent them from becoming ghost villages.
This is how the program of 1 Euro Houses started independently in multiple places
In towns like Mussomeli and Cammarata, in Sicily
Ollolai and Nulvi in Sardinia
Laurenzana in Basilicata
Bisaccia in Campania
or Cinquefrondi in Calabria
Wait… Did you notice something?
Put this video 10 seconds back. Look again at the maps, and tell me if you see a pattern.
Saw it? Because this pattern might be the first clue to the real reason these houses are available for such low prices.
I am talking about the fact that
Every
Single
One
Of
These
Villages
Are in the middle of their provinces, far from the coast, and in most cases, far from any major city.
To be fair, some of these towns have more infrastructure than others, like Mussomeli, which has a large hospital.
BUT… What kind of condition are these homes really in?
These are some of the pictures of the 1 Euro houses.