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Overseas Property News
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Sicilian homes available for just a euro
Country: Italy
5 September 2008
Homes in Salemi, a small town in western Sicily, are being offered for sale for just €1 (81p), in a radical attempt to boost its property fortune.
An earthquake damaged most of the villas in the town 40 years ago and since then, much of the local population has moved out. But local mayor, Vittorio Sgarbi, believes the scheme will help revitalise the town.
"There are 3,700 houses owned by the council, almost all in the old town, that are in danger of falling down - of crumbling and dying," Sgarbi said.
However, there is a catch. Anyone who purchases a property will be required to sympathetically renovate the old home, without altering its style, within just a couple of years, which will prove costly.
"We're thinking of people who have the sensibility and economic resources to embark on this adventure," Sgarbi added. "In exchange for a token payment of one euro we will offer them one of these houses and ask that they undertake to restore them within two years while respecting their original characteristics."
Some properties in Italy
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Price: £36,220
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Type: Townhouse
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Bedrooms: 2
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Excellent opportunity for those on a small budget to acquire a good size holiday home in this traditional Sardinian town between the sea and mountains.
Town house in excellent condition requiring little improvement to turn it into a comfortable home.
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View details | Enquire further
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Price: £44,269
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Type: Apartment
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Bedrooms: 2
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Spacious first and last floor apartment with independent access and panoramic roof terrace in the characteristic town of Jerzu on the east coast of Sardinia with easy access to mountains and beaches plus all the local facilities just a 10 minute
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View details | Enquire further
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Price: £44,269
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Type: House
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Bedrooms: 2
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Town house in the centre of Arzana ripe for modernisation. Located on the East coast of Sardinia, Arzana is an appealing Sardinian mountain town with far reaching views of the coast. This town house presents an ideal opportunity to easily add value .
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Price: £48,294
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Type: House
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Bedrooms: 4
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Jerzu, three storey town house in the centre of this picturesque traditional town, famous for rock climbing and its Cannonau wine, perched on the side of the hills near the Gennargentu mountains yet just 20 minutes from the stunning coast of
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Price: £49,098
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Type: Apartment
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Bedrooms: 1
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Residential For Sale - Apartment - Deposit: EUR 30500 EUR61000 - Lamezia, Calabria.
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View details | Enquire further
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Price: £52,318
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Type: House
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Bedrooms: 2
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Delightful old stone built property sympathetically renovated 3 years ago maintaining original features. Also benefits from 2 large terraces and private garden rarely found in this town centre location. Plus fabulous views over the valley and coast.
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Price: £56,343
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Type: Apartment
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Bedrooms: 3
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Spacious first floor apartment, with picturesque mountain and sea views, in the typical Sardinian town of Ilbono in Ogliastra on the east coast of Sardinia.
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View details | Enquire further
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Price: £61,172
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Type: House
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Bedrooms: 2
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200 year old town house in the village of Padria 30km from the long sandy beaches of Bosa on the western coast of Sardinia and just 60km from the airport of Alghero. Deceptively generous accommodation with an enclosed rear courtyard and garden.
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Price: £63,587
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Type: Apartment
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Bedrooms: 2
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Residential For Sale - Apartment - Deposit: EUR 43,000 EUR79000 - Capo Vaticano, Calabria.
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Price: £66,001
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Type: Apartment
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Bedrooms: 1
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Residential For Sale - Apartment - Deposit: EUR 41,000 EUR82000 - Tropea, Calabria.
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Prices from: €250,000 Beds: 2 Baths: 2 - 1 ensuite Kitchen + appliances, dining-room, sitting-room, garden front & back. Plans may be modified to suit your requirements.
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Price: €230,000 Bedrooms: 2 Bathrooms 2 Contrada Ulmo, between Martina Franca & Ceglie Messapica. Restored. 1 ha land: DOC vinyard, olive/almond trees.
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