Several Italian towns are selling vacant homes for €1 to counteract population decline caused by young locals moving to cities. About 25 municipalities offer these homes, hoping new owners will revitalize them and boost local economies.
These properties often need significant renovation, with costs varying from €20,000 to €50,000, plus legal and guarantee fees. Italy’s ‘superbonus’ tax exemption covers 110% of renovation expenses. Buyers must submit renovation plans soon after purchase and complete them within specific timelines.
Eligibility varies by town. For instance, in Mussomeli, Sicily, buyers handle all sale-related costs, start renovations within two months of a permit, and finish within three years. Interior changes are permitted, but the exterior must remain unchanged.
Buyers should verify local requirements, as some areas necessitate residency after renovation, while others allow using the properties as holiday homes or businesses. Non-residents and non-Italian speakers might face extra hurdles. Participating regions include Emilia-Romagna, Abruzzo, Campania, and Sicily, each with unique opportunities for prospective homeowners.
nextvideos
41 Year Old Miss Passport Couldn't Afford A Home In Atlanta So She Bought One In Italy For $62,000!
Can You Blame Them? Chick Put Her Camera Phone In Her Back Pocket While Shopping In Home Depot And This Is How It Played Out!
Rewind Story: He Used A Legal Loophole To Buy A 300K Home For Only $16... Neighbors Are Hating!
5 Bedroom Home, Separate Garage, 8 acres For $150k... Located In The Most Racist Town In US... Would You Buy This!?
Timelapse From August 21 Shows How Catastrophic The Flooding Was In Waverly, Tennessee!
No Lies Told Here? Dude Reveals How Prisoners Get Females Guards To Fall In Love With Them!
Mindset Of This Generation: Woman Reveals How Much A Man Has To Make To Be With Her! “I Can Bring Peace”
That View Though: They Say Money Can't Buy You Happiness But Imagine Waking Up To This!
This Movie Exposed How Your Non-Stick Cleaning Pans.....Are Killing You Without You Even Knowing!
Imagine How Good Life Would Be If This Was The Cost Of Living With Your Current Salary.... What You Can Buy With $3K In 1967!
Wild Hack: Dude Shows You How To Save $2000 By Doing This On Your Own Instead Of Going To Lamborghini!
Speaking Facts? Man Reveals How The Diamond Industry Scams The Public!
That Escalated Quickly: Man With $1,200 In His Bank Account Gets Mad After His Girl Reveals How Much Money She Has!
Thoughts? OG Says To Never Move Into A Woman's Home! "You Will Never Build Enough Value For Her To Respect You As A Man"
Those Publishing Splits Wild: T-Pain Reveals How He Makes Little To No Money On His First Hit Song ‘Buy U A Drank’!
Fighter Knocks Out His Opponent With An Impressive Rolling Thunder Kick!
How Scared Would You Be If This Happened To You?
Man Demonstrates Why You Shouldn't Jump In Rivers If You Can't See The Bottom!
SMH: Woman Looking For "Jews" On A Bus Gets Heated When People Start Recording Her!
Jamie Foxx Reveals He Had A Brain Bleed & Stroke While Fighting For His Life In 2023! "I Thought I Saw The Devil Or Was That Puffy?"
Thought He Was Slick: Truck Driver Tried Finessing A Prostitute To Go The Extra Mile For $100 Dollars & Unknowingly Puts Himself On Blast!
NBA Needs A Reality Show: Behind Scenes Action Of Lebron James Getting At Cam Payne For Trash Talking! "You Was At Home 1 Year Ago. Stay Humble"
Homie Got Finessed: Chick Flips Out On A Guy, Calls Him Cheap After He Spent $150 On Dinner Expecting To Go Home With Her!
Embarrassing: Jamaica's 3rd Fastest Woman In The World, Shericka Jackson, Gets Eliminated By Italy For Not Running Through The Tape!
World Getting Scary: Gunfire Caught On Ring In A Wealthy Neighborhood In Maryland... 40 Shots Let Off Trying To Get 1 Person! (News Report)
Charleston White Turns Down A Chick After She Reveals She Weighs 145lbs! “I Can’t Lift You Up In The Bedroom”
Magic Johnson, Samuel L. Jackson & L.L. Cool J Show Off Their Italy Yacht That Costs Over $1 Million Per Week!
Fighter Shows You How to Escape A Chokehold in Seconds!
Nicki Minaj Threatens To Slap A Reporter On Met Gala 2022 Red Carpet!
Forever Single? Chick Says Can't Be With A Guy Unless He Can Buy Her A $200k Engagement Ring!
This Man Is A Perfect Example Of Why You Can't Believe Everything You See Nowadays!
Sheesh: Seeing How Fast This Bear Can Climb A Tree Will Keep You Outta The Forest!
How Stupid Can You Be? They Took Full Detail Too Far!
Lol: How It Looks When You Do Everything In A Rush!
Aint No Way: How Can You Be This Bad At Scoring A Goal!?
You Can See The Regret In Cuz Eyes: This Why You Can’t Be Desperate And Just Go After Anything!
Went Left Quick: Man With $500 In His Bank Account Gets Upset After His Girl Reveals How Much Money She Has!
Vladimir Putin Reveals Jesus Was Black After Opening An Ancient Box… A Secret European Has Been Hiding From Africa For More Than A Millennium!
Crazy To Know: This Is How Close We Swim To Sharks Without Knowing It!
Knees Gave Out: Joe Biden Keeps Falling Multiple Times Up The Stairs While Boarding Air Force One!