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Buying a house for 1 Euro in Italy, instructions for use – IT IS OVER!

Salemi - here you can buy houses for 1 €

Salemi – here you can buy houses for 1 €

IT IS OVER!

Update of September 20th, 2018: There are no more than 5 or 6 houses at 1 € in Italy and there are about 5,000 requests!

How does the project house for 1 € work?

These houses are owned by individuals who want to get rid of them often so as not to pay taxes. We are talking about dilapidated or dangerous buildings that require major renovations.
The buildings are sold as donations to the municipalities which, by public procedure, sell for the symbolic amount of 1 euro. In other cases, it is the municipal governments that vouch for the owners of these properties. Naturally, there are commitments for those who buy with a project of houses for 1 €, which must guarantee:

  • To plan a restructuring and reevaluation project within 365 days of purchase (approximately 20-25 thousand euros).
  • To support notary fees for registration, transfer and registration.
  • Two months to start working when all permits are obtained.
  • To ensure the security of the purchase by the buyer, the municipality asks to stipulate a deposit of 5 thousand euros for a period of three years, which is then refunded at maturity.
Montieri

Montieri – here you can buy houses for 1 €

For more details, contact directly the construction offices of the concerned municipalities and consult attentively the corresponding opinions.

The advantages of buying a house for one euro

This long-term strategy is attractive for those looking for a home cheap and simple to restore the brilliance of the Italian villages that the whole world envy us for their extraordinary beauty, and for that spirit of the past that is so sought after today.

In addition, the Case 1 Euro (houses for 1 €) project could shake up the real estate market by facilitating access to youth-owned homes, for which the possibility of accessing a mortgage is often an insurmountable obstacle today.

The repopulation of these small towns will promote the birth of tourist activities, activating the economy of the whole area concerned. Always with a view to welcoming tourism, you can explore the possibility of redeveloping the property with a small hotel, a B & B, or think of a larger project that also involves more properties in the same village with the possibility of creating an extended hotel.

In short, the possibilities and implications are numerous and very interesting.

Carrega-Ligure -here you can buy houses for 1 €

Carrega-Ligure -here you can buy houses for 1 €

30 Comments

  1. Jörg Rügemer

    Ladies and Gentlemen,

    I am an architect from Kehl/Germany and Park City/Utah/USA with dual citizenship and am looking for a remodel project for my family and I in the Carrega-Ligure area (or beyond). I live in the United States and will be traveling the area to research a possible project in early October 2018. Before I travel, I will need to identify on a few projects that I can visit to narrow onto one that I might then purchase and start the process of renovation. Please advice what your services are and how you can be of any help in my endeavor.
    Best regards,

    Jörg

    Reply
    1. Lex (Post author)

      Hi,

      please call me.
      Thanks.

      Reply
  2. Vaclav Pleska

    Hello, I am planning to relocate to Italy and heard about possibilities to purchase house for 1€ for further development. I am very interested in this, could you please provide me with the list of properties or contact before I will visit Italy to do some viewings?

    Thank you

    Vaclav

    Reply
    1. Lex (Post author)

      Hi,
      I don’t sell houses. Just call city governments. Thanks.

      Reply
  3. Mayur Shridhar Dhuri

    Dear Lex..

    I am an Indian Citizen & I am very much interested to purchase the house & undertake the renovations to start living in the house.

    As an Indian Citizen am I elligible to purchase the house in Italy ?

    +919892969739 – Whatsapp

    Reply
    1. Lex (Post author)

      Yes.

      Reply
  4. Antoinette Matarranz

    Are there any 1 euro houses for sale in the Basilicata region of Italy?

    Reply
    1. Lex (Post author)

      Hi, just look on Google.it.

      Reply
  5. Jorg van de Voort

    Dear reader,

    Could we please have a call about the oppertunities?

    Regards
    Jorg

    Reply
    1. Lex (Post author)

      Hi, just look on Google.it.

      Reply
  6. Lexie

    Hi Lex. I’m an Australian and want to know more about purchasing a 1€ home to renovate, as I’m planning to establish a home where I can retire. Do you have any further information i.e web links or a site that lists what is available to buy and the process surrounding the purchase estimated fee structures, taxes and commissions charges.

    Thanks so much
    Lexie

    Reply
    1. Lex (Post author)

      Hi, just look on Google.it.

      Reply
  7. Ronell

    As a South African passport holder will I be able to buy ? What about the visas and permits to stay long periods of time. ? I currently have a 10 yr visa for uk and 1 yr schengen visa. Just want to buy and then I don’t get permission to come and repair my house ! Thanks

    Reply
    1. Lex (Post author)

      Hi,
      contact me here, please

      info@studiolegalemagaraggia.it

      Phone/Fax: +39 0832 312118
      Mobile: +39 328 0710278

      Reply
  8. Dr Cobi Zer

    Dear
    I m looking for a house in Toscany for 1€
    Can you tell me how you can help me
    Best Regards
    Dr Cobi Zer

    Reply
    1. Lex (Post author)

      Hi,
      contact me here, please

      info@studiolegalemagaraggia.it

      Phone/Fax: +39 0832 312118
      Mobile: +39 328 0710278

      Reply
  9. Rana Zia ur rehman

    Hello sir Madam, i have asilo politico 5 years docoment is possible to by that1€ home to renovate, and is there school hosptl nearly as I’m planning to establish a home where I can retire. Do you have any further information i.e web links or a site that lists what is available to buy and the process surrounding the purchase estimated fee structures, taxes and commissions charges.

    Thanks so much
    Rana

    Reply
    1. Lex (Post author)

      Hi,
      contact me here, please

      info@studiolegalemagaraggia.it

      Phone/Fax: +39 0832 312118
      Mobile: +39 328 0710278

      Reply
  10. Enrique

    I’m Italian, interested. Please write back

    Reply
    1. Lex (Post author)

      Please call me. Thanks.

      Reply
  11. barbara Walton

    Can we carry out the revnovations ouorselves or do they have to be done by professional builders (we have experience and have French qualifications in electricity and plumbing.

    Reply
    1. Lex (Post author)

      There’s no obligation to hire a pro, nor to have qualifications.

      Reply
  12. Bohree Lee

    Hello, my name is Bohree Lee from South Korea.
    I am very interested in this 1 Euro houses.
    Could you tell me how I can buy this 1 Euro house?

    Thanks

    Reply
    1. Lex (Post author)

      Sorry! Haven’t you read?
      IT IS OVER! FINISHED! DONE! NO MORE HOUSES AT 1 EURO AVAILABLE!
      Update of September 20th, 2018: There are no more than 5 or 6 houses at 1 € in Italy and there are about 5,000 requests! –

      Reply
  13. Kimberly Finn

    We would be interested in your legal services in pursuing one of these investment opportunities. My husband and I are Americans looking to invest in a property for retirement in Italy. What is the best way to reach you to discuss?

    Reply
    1. Lex (Post author)

      Sorry! Haven’t you read?
      IT IS OVER! FINISHED! DONE! NO MORE HOUSES AT 1 EURO AVAILABLE!
      Update of September 20th, 2018: There are no more than 5 or 6 houses at 1 € in Italy and there are about 5,000 requests! –

      Reply
  14. Faiz Jameel

    I want to buy a home in Tuscany plZ provide details

    Reply
    1. Lex (Post author)

      Sorry! Haven’t you read?
      IT IS OVER! FINISHED! DONE! NOM ORE HOURSES AT 1 EURO AVAILABLE!
      Update of September 20th, 2018: There are no more than 5 or 6 houses at 1 € in Italy and there are about 5,000 requests! –

      Reply
  15. Steven L

    I am a dual citizen and very interested in securing a house. Can you please provide me an updated list as to what is available, or give a website for same>?

    Also I will need an attorney to close the transaction. thanks

    Reply
    1. Lex (Post author)

      Sorry! Haven’t you read?
      IT IS OVER!
      Update of September 20th, 2018: There are no more than 5 or 6 houses at 1 € in Italy and there are about 5,000 requests! –

      Reply

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