For some time now we have read dozens of news reports that in several cities in Italy houses are sold for just one euro. This may be attractive to some investors looking to turn their lives around; however, it may not be the offer you are expecting.
This was demonstrated by a Venezuelan youtuber named Gabriel Herrera, who recently traveled to a town in the Italian town of Messina, where precisely You can find several properties that can be bought for just one euro.
In most cases, certain requirements must be met to buy homes at such a low price, the most common being that the buyer agrees to restore it to 100% and also that he moves to live in it.
And this is how the Venezuelan youtuber explained it in one of his videos. “The main reason this is happening is that the people’s struggle against the international rural exodus has its epicenter in Italy. Thus, from 2019, dozens of towns joined this project, to attract possible new inhabitants”.
“This sounds too fantastic to be true, there must be something behind it”, adds Herrera. And it is that, he explained, the young people who live in the town tended to move to other cities, in search of greater job opportunities, so that Italy, in this case, would be practically uninhabited.
“The properties are abandoned and what occurred to the municipalities is to rescue these properties and the towns from depopulation with this project”, he pointed out.
Despite because in the video you can see that the town in Italy is surrounded by nature and has many churches, it does not have places to stay or restaurants, so there are no tourists, which can be an impediment to achieving the objective .
Then, the youtuber entered one of the houses that is for sale, whose requirement to buy it is that it be remodeled in just one year and that it be occupied as a home, a work that could cost about $5.5 and $16,000 dollars.
The properties, generally made of stone, present a “quite deteriorated” image. Another condition is that the facade be kept in good condition. For those citizens outside the European Union, the youtuber indicated that they can request the purchase of the houses through an email.