It’s true €1 properties exist in Italy!
The 1 euro property initiative in Italy, frequently highlighted by major platforms like CNN and HGTV, offers genuine real estate opportunities in towns like Caltagirone and regions such as Apulia and Tuscany. Originating from Sicily to combat depopulation and property neglect, this program allows global investors to purchase homes at a symbolic price, revitalizing historically rich areas. Buyers typically commit to renovations within three years, backed by a €5,000 deposit, returned post-restoration. While many municipalities are inundated with inquiries, personal visits to these properties are recommended, offering insights and facilitating connections with the local community, a potential reservoir for renovation resources and cultural immersion.