You Can Buy Historic Italian Houses for €1 — But What’s the Catch?

From Abruz­zo to Verge­moli, small Ital­ian towns and vil­lages have recent­ly been mak­ing their his­toric homes avail­able for pur­chase for as low as €1. Giv­en the pic­turesque nature of many of these places, such offers have proven prac­ti­cal­ly irre­sistible to for­eign buy­ers who’ve made their mon­ey and are look­ing to escape the big-city rat race, or even those sim­ply prone to Under the Tus­can Sun-type fan­tasies. But this is, of course, more than just a mat­ter of wiring a sin­gle Euro and jet­ting off to a life of rus­tic beau­ty and sim­plic­i­ty. As shown in these videos from Explained with Dom and Insid­er News, you’ve got to put much more mon­ey into the acqui­si­tion and reha­bil­i­ta­tion of these hous­es, not to men­tion the sweat equi­ty involved.

“As young Ital­ians increas­ing­ly migrate to the city” — if not to oth­er coun­tries entire­ly — “and choose cos­mopoli­tan jobs over rur­al and com­mu­ni­ty voca­tions, many of Italy’s pret­ti­est remote vil­lages are becom­ing aban­doned, with tiny, age­ing pop­u­la­tions that are begin­ning to die off,” write the Inde­pen­dent’s Lucy Thack­ray.

“Some elder­ly Ital­ians have found them­selves with no one to leave their house to, bequeath­ing it instead to the local author­i­ties, who have to decide what to do with it, while some younger cit­i­zens have inher­it­ed prop­er­ties in areas they have no inten­tion of mov­ing to.” And so “around 25 Ital­ian munic­i­pal­i­ties are mak­ing prospec­tive home­own­ers an offer they can’t refuse,” though cer­tain con­di­tions do apply.

Old and less than immac­u­late­ly main­tained on the whole, these hous­es tend to require ren­o­va­tions “in the region of €20,000–50,000 depend­ing on the size of the prop­er­ty.” And the author­i­ties do make sure you’ll actu­al­ly per­form the work: “new own­ers are required to sub­mit details of a ren­o­va­tion project with­in two to 12 months of pur­chase (depend­ing on the loca­tion), start work with­in one year, and com­plete it with­in the next three.” Add on all the addi­tion­al (and often unex­pect­ed) fees, and even a best-case sce­nario starts to look pricey. Still, if you’re total­ly com­mit­ted to reha­bil­i­tat­ing a ven­er­a­ble Ital­ian home — and not just to rent it out to vaca­tion­ers, which some areas explic­it­ly pro­hib­it — it might sound like a fair enough deal.

One thing is cer­tain: any­one look­ing to buy into one of Italy’s cheap-house schemes (at a price of €1 or oth­er­wise) should go in with not just suf­fi­cient knowl­edge of domes­tic archi­tec­ture and remod­el­ing, but also a famil­iar­i­ty with Ital­ian ways of doing busi­ness — which have done their part to con­tribute to the so-called “Ital­ian dis­ease” that has sad­dled the coun­try with decades of eco­nom­ic stag­na­tion, but aren’t like­ly to change any time soon. And above all, it should go with­out say­ing that the first step of act­ing on a desire to play a part in bring­ing one of Italy’s “ghost towns” back to life is learn­ing the Ital­ian lan­guage — a task you can start right here on Open Cul­ture. Buona for­tu­na to you.

Relat­ed con­tent:

Explor­ing the Great­est of Italy’s 6,000 Ghost Towns: Take a Tour of Cra­co, Italy

Dis­cov­er the Ghost Towns of Japan — Where Scare­crows Replace Peo­ple, and a Man Lives in an Aban­doned Ele­men­tary School Gym

Behold 3D Recre­ations of Pompeii’s Lav­ish Homes–As They Exist­ed Before the Erup­tion of Mount Vesu­vius

High-Res­o­lu­tion Walk­ing Tours of Italy’s Most His­toric Places: The Colos­se­um, Pom­peii, St. Peter’s Basil­i­ca & More

Venice Explained: Its Archi­tec­ture, Its Streets, Its Canals, and How Best to Expe­ri­ence Them All

Free Ital­ian Lessons

Based in Seoul, Col­in Marshall writes and broad­casts on cities, lan­guage, and cul­ture. His projects include the Sub­stack newslet­ter Books on Cities and the book The State­less City: a Walk through 21st-Cen­tu­ry Los Ange­les. Fol­low him on Twit­ter at @colinmarshall or on Face­book.