Italy is attracting new residents to small towns by offering homes for one euro. There are hidden costs, of course, but some buyers describe it as a “fantastic” investment.
A few years ago, Mark Kopun, a 32-year-old electrician from Australia, happened to spot a newspaper article about homes for sale in Sicily. The price tag—one euro—caught his eye.
“I headed to Sicily to check it out,” he told Fortune. “I had to leave after a few days, but I went back as soon as I could and I picked a house.” He’s still renovating the place, and he expects, when it’s all said and done, he’ll have shelled out around $35,000 to finish the work.
Sorgente: Italy Is Selling Homes for One Euro. What Could Go Wrong? | Fortune