One-Euro Houses in Italy: The Rise and Fall of a Creative Solution to Abandoned Homes

Why is the one euro house sale in Italy failing to attract buyers?

In recent years, small towns and districts in Italy have discovered a creative solution to their abandoned and neglected houses: selling them for just one euro. This has attracted buyers from all over the world who are drawn to the unique opportunity to own a piece of Italian history at a fraction of the cost. However, the law requires that renovation costs fall on the buyer, which can be a challenge for some.

Despite the success stories in the media, Italy’s “houses in euros” business faces obstacles. For example, the village of Patrica, located south of Rome, has been struggling to sell its abandoned houses for just one euro. The current mayor, Lucho Fiordlisso, has been trying to market dozens of old houses in the village but faces challenges in locating descendants of the original owners who have immigrated to other countries. Italian law requires permission from descendants to sell these houses, making it difficult for many interested parties due to family conflicts.

While some progress was made with consent from homeowners and marketing efforts, only two houses were sold for just one euro each – both to local residents looking to dispose of family assets. Legal barriers prevented more properties from being sold despite interest from international customers. Ultimately, while buying a house for just one euro may seem like an attractive investment opportunity, it comes with legal and familial challenges that may make it difficult for some buyers.

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