After a couple of visits to Sambuca, Sicily, known for being in the €1 home scheme, as well as Salemi, Mussomeli, and Gangi, a woman was captivated by the charming culture of the Sicilians and was determined to purchase a house there.
She realized, however, that she wouldn’t be able to supervise the renovation due to her limited time on the island. That’s when an estate agent suggested something that made her have a moment of clarity. He asked, “You are in an ancient village, so do you also need an ancient house?” Inspired by this question, she decided that she didn’t need an ancient house after all.
Last year, she and her husband purchased a three-bedroom four-storey townhouse built in 1975 for €45,000. They spent an additional €12,000 on cosmetic repairs and new heating. According to her, the locals have warmly welcomed them and they have enjoyed participating in their parties.
She is not alone in her search for affordable property in Italy, although many buyers are willing to spend a little more than €1. From January to May 2023, the interest in properties for sale in Italy up to €100,000 increased by approximately 30% compared to the same period in 2022, as reported by Gate-away.com, the largest Italian property portal. On the other hand, interest decreased for all other price ranges.
British property hunters accounted for over half of the searches for properties under €100,000 on the site, with an especially significant increase in searches for properties in need of renovation among British individuals, according to Gate-away.com.
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