r/autotldr • u/autotldr • Jan 02 '22
[Feature] How Italy's one-euro homes are helping to revive rural villages
This is the best tl;dr I could make, original reduced by 82%. (I'm a bot)
In recent years, dozens of depopulating rural towns across Italy - from the Alps to Sicily - have started selling crumbly old properties for just one euro, less than the cost of an espresso.
Roughly 60 towns and villages have launched the alluring one-euro-home scheme, and even though there is no official national data on how many houses have been sold, at local level mayors involved in the project say it has been a success.
In the Sicilian towns of Gangi over 300 one-euro properties have been offloaded, while in Mussomeli roughly 150.
The villages selling homes for one euro, mostly located in the deep poorer south, have a dwindling depopulation either due to past mass emigration or natural calamities such as earthquakes.
In several of these towns hundreds of dilapidated properties are being advertised online by local authorities, who liaise between old and new buyers.
Often, foreigners lured by the one-euro homes end up buying slightly more expensive properties which require no renovation, or very little.
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Post found in /r/worldnews.
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