Finance
Photos inside Italy’s $1 homes show they need a lot of work
Over the past few months, you may have become aware of a certain phenomenon.
A plethora of Italian towns have adopted a scheme of selling abandoned homes off for 1 euro ($1).
Urbanization has led to the dwindling populations of provincial settlements as cities and their suburbs thrive and become overpopulated. As a result, some of Italy’s most beautiful, historic small towns are dying out.
The $1 housing schemes are designed to combat that, and what success there has been so far has led to a proliferation of similar strategies being deployed across the country.
The schemes have received plenty of media coverage, and many of the towns have become inundated with offers from foreigners on their insanely cheap properties.
However, a home for $1 was always going to be too good to be true, and most of these properties are often in a dilapidated condition, requiring thousands of dollars in restoration and renovation to make them habitable again — let alone nice.
I recently traveled all the way to Sicily to visit three of the towns that have adopted the $1 home schemes — Sambuca, Mussomeli, and Cammarata — to see what foreign buyers are really getting themselves into.
Here’s what they look like inside, and finally, once they’re renovated.
-
Entertainment7 days ago
What Robert Durst did: Everything to know ahead of ‘The Jinx: Part 2’
-
Entertainment6 days ago
This nova is on the verge of exploding. You could see it any day now.
-
Business6 days ago
India’s election overshadowed by the rise of online misinformation
-
Business6 days ago
This camera trades pictures for AI poetry
-
Business7 days ago
CesiumAstro claims former exec spilled trade secrets to upstart competitor AnySignal
-
Business5 days ago
TikTok Shop expands its secondhand luxury fashion offering to the UK
-
Business6 days ago
Boston Dynamics unveils a new robot, controversy over MKBHD, and layoffs at Tesla
-
Entertainment7 days ago
Earth will look wildly different in millions of years. Take a look.