Beautiful town in Sicily is selling homes for 88p – here’s how you can get one

If you’ve ever wanted to jack it all in and move abroad, now might be the perfect time.

That’s because there are currently dozens of homes being sold in the Sicilian town of Sambuca for as little as just €1.

The aim of the scheme is simply to encourage people to move to the area to help give the economy a boost and encourage repopulation.

It follows a similar move from the Sardinian town of Ollolai back in February 2018, where more than 200 homes were sold for less than £1.

The town is hoping to encourage people to move there and help boost the economy

 

Sambuca’s deputy mayor, Giuseppe Cacioppo, told CNN that the city hall owns all of the homes that will be sold for  €1 and this wasn’t merely done for “propaganda”.

He explained: “We’re not intermediaries who liase between old and new owners. You want that house, you’ll get it in no time.”

If you’re thinking this deal sounds too good to be true, then you’re not wrong, as there is one big catch.

The properties for sale, which range from 40 to 150-square meter in size, are all in need of major renovation and those keen to purchase one will need to commit to spending at least £15,000 to do it up over a period of three years.

The town is beautiful and filled with history

 

You’ll also have to hand over a £5,000 security deposit, which will be refunded after all of the work is complete on the house.

But really is £20,000 all that much to spend on a house in a town as beautiful as Sambuca?

Not according to Giuseppe, who says they’ve already had a lot of interest in the project.

“Foreigners are flocking here, flabbergasted by all this beauty,” he said.  “Some 10 houses have already been sold. Dozens of others are available.

Those wanting to move will have to invest a little money to renovate their new home

 

“We’ve been contacted by people from Switzerland, France and Spain and are receiving many requests.”

He added: “Sambuca is known as the City of Splendor.

“This fertile patch of land is dubbed the Earthly Paradise. We’re located inside a natural reserve, packed with history. Gorgeous beaches, woods and mountains surround us. It’s silent and peaceful, an idyllic retreat for a detox stay.”

Those wishing to know more about the homes for sale should email [email protected]

 

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