A picturesque town in Sicily is selling off homes for $1 to anyone willing to renovate them
https://www.babanews.com.ng/2019/01/a-picturesque-town-in-sicily-is-selling.html
A view of the village of Sambuca di Sicilia, Italy. Sambuca di Sicilia is a municipality in the Province of Agrigento in the Italian region Sicily |
A picturesque town in Sicily is selling off homes for $1 to anyone willing to renovate them
- Sambuca in Sicily is selling off homes for just 1 ($1.14).
- The stunning countryside town is hoping the move will repopulate its streets and provide a boom to the economy.
- There's a catch, though.
- Buyers will have to commit to spending at least 15,000 (about $17,200) on renovating the homes, which are in need of some TLC.
Do you dream of riding a vintage bicycle around cobbled streets?
Of going to the market to pick up burrata and fresh tomatoes for lunch?
Of stopping for an espresso with the vecchi signori as they sit al fresco in the Mediterranean sunshine?
Well, you could do all those things and, what's more, now you could do them for as little as a dollar.
The picturesque Sicilian town of Sambuca is selling off homes for just 1 ($1.14) in a bid to encourage people to move there and provide a boom to its economy.
A view of the village of Sambuca di Sicilia, Italy. Sambuca di Sicilia is a municipality in the Province of Agrigento in the Italian region Sicily |
In January last year , the Sardinian town of Ollolai announced that it was selling 200 homes for 1 in an effort to lure new residents. Over the past half-century, the town's population had declined from 2,250 people to just 1,300.
Read more: An ultra-Orthodox rabbi visited North Korea where practicing religion is punishable by death — here's what he saw
However, Sambuca says they're doing things differently.
"As opposed to other towns that have merely done this for propaganda, this city hall owns all 1 houses on sale," Giuseppe Cacioppo, Sambuca's deputy mayor and tourist councillor, told CNN .
"We're not intermediaries who liaise between old and new owners. You want that house, you'll get it no time."
So, are you really getting a home for $1? Well, yes, but there's a catch, of course.
A view of the village of Sambuca di Sicilia, Italy. Sambuca di Sicilia is a municipality in the Province of Agrigento in the Italian region Sicily |
You'll also need to fork out a 5,000 ($5,700) security deposit that will be returned once the refurb is complete.
Cacioppo says this is a small price to pay though for a property in the "City of Splendor."
"This fertile patch of land is dubbed the Earthly Paradise," he told CNN. "We're located inside a natural reserve, packed with history. Gorgeous beaches, woods and mountains surround us. It's silent and peaceful, an idyllic retreat for a detox stay."
Sambuca is indeed rich with history. It was founded by the ancient Greeks and conquered by Saracens in 830 AD . It still maintains its heritage in its quartiere Saraceno (the Arab quarter) complete with Kasbah-like narrow alleys and even underground passageways.
A view of the village of Sambuca di Sicilia, Italy. Sambuca di Sicilia is a municipality in the Province of Agrigento in the Italian region Sicily |
Apparently, the town has already received plenty of interest from buyers. "Foreigners are flocking here, flabbergasted by all this beauty," Cacioppo told CNN.
A picturesque town in Sicily is selling off homes for $1 to anyone willing to renovate them |
It sounds like if this is an opportunity for you, you may have to act fast.
For enquiries, email: case1euro@comune.sambucadisicilia.ag.it.
Author: Tom Murray Source: Business Insider USA