Italy’s 1 Euro House Dream: The renovation reality | Foreign Correspondent
ABC News In-depth・2 minutes read
Sicily's one euro house program aims to rejuvenate hilltop towns by selling abandoned houses at a low price, attracting international buyers and revitalizing communities. Foreigners are renovating these houses remotely, contributing to the social experiment's success and bringing new life to these towns.
Insights
- The one euro house program in Sicily aims to combat population decline by offering abandoned houses for a nominal fee, with the requirement of renovating the property within three years or facing a penalty.
- Foreign buyers participating in the program have revitalized towns like Muselli, fostering community projects and attracting professionals looking to be part of a vibrant and welcoming environment, showcasing the potential for cultural and economic rejuvenation through innovative social experiments.
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Recent questions
What is the one euro house program in Sicily?
A social experiment selling abandoned houses for one euro.
Why are many old houses in Italy left abandoned?
High taxes for owning multiple properties.
How has the one euro house program impacted Muselli?
Revitalized the town with new community projects.
How are foreigners participating in the one euro house program?
Renovating houses remotely with varying costs.
What attracted Christina and Stefan to stay in Sicily?
Drawn by the town's people, food, city, views, and spirit.
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