Property News · May 9, 2019

Foreign buyers snap up Sicilian homes at €1 auction


Houses sell for €1,000 to €25,000 in Sambuca strategy to entice new familiesThe Sicilian town that put its empty houses up for sale for €1 each to try to reverse its decline, has sold 16 of them to foreign buyers. Though they sold for slightly more than €1.The local council adopted a strategy in January that has become fashionable in the south of Italy: sell abandoned homes to anyone who wants to move in through an auction starting at €1. Continue reading…

Source : theguardian.com
Read more…Foreign buyers snap up Sicilian homes at €1 auction

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