A house for the price of an espresso. Buy your own property by the sea Forbes instead of morning coffee

Laurenzana

In the city of the Basilicata region, they are attracted by the fact that it is not necessary to make a deposit. Buyers just have to indicate whether they will live here, use the house for vacation or perhaps as a business. The municipality does not even want them to move here at least for a certain period of time, which is a condition in some cities.

Cinquefrondi

The conditions for obtaining a house in the inland Calabrian town, from which it is less than half an hour to the Ionian and Tyrrhenian seas, are an annual insurance contract of about 250 euros and the completion of the renovation within three years. If the new owner fails to do so, he risks a fine of 20,000 euros.

Troina, Sicily

This historic town with an idyllic square and winding cobbled streets plans to sell several houses for one euro this year. Its mayor has already received over four thousand requests from all over the world. At the beginning of the project, about thirty houses were available for purchase, and another hundred are on the way.

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Biccari

The town hall started offering the first twelve houses for the euro in January, and the city is preparing another hundred for sale. In addition to these, it attracts new residents to turnkey houses for a price of 10 to 13 thousand euros. Details are explained by the mayor via email sindaco@comune.biccari.fg.it.

Sambuca, Sicily

The next batch of fifteen historic properties is also about to be sold in a small Sicilian village where they already have a lot of experience with offering cheap houses. When they announced in 2019 that they planned to sell the houses for a nominal amount, they received more than 110 thousand applications and decided to auction the houses. Only one was sold for one euro.

Other similar properties are offered, for example, in Nicosia, Greece (you can find them on the 1 Euro House Project server) or in Spain (offered by Virto Property).

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