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Top stories from around the world Vittorio Sgarbi, an eccentric Sicilian mayor, is selling houses for € 1 in an attempt to revitalise the historic town centre of Salemi. An earthquake almost destroyed many of the properties in 1968 and the only condition for the bargain price is that owners must restore the houses to their former condition in two years. Sgarbi told the Italian newspaper Corriere della Sera: “We’re thinking of people who have the sensibility and economic resources to embark on this adventure.” The scheme was the brainchild of Olivero Toscani, Salemi’s councillor for creativity. “These houses are like a heart pierced by a thorn,” he said. “They are dangerous but they also represent a patrimony that is slowly dissolving away.” |
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How would you like a house in Italy for one euro? The house, it should be pointed out, will be not just dilapidated but near collapse, and probably need at least €100,000 (£80,000) of structural repairs. |
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In a bid to
revitalize a crumbling housing market, an “eccentric” Italian mayor has
proposed to slash property in a Sicilian ghost town to a euro, the
London Telegraph reports.
Salemi,
the famed one-day capital of Italy in 1860, was virtually abandoned in
1968 when an earthquake all but destroyed the town.
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Thought house prices had crashed here? In Sicily they cost one euro!
The villas are set in the Sicilian hills, with spectacular views over the Mediterranean. Your future neighbours could be celebrities such as Peter Gabriel, the Genesis singer, and Massimo Moratti, the owner of the Inter Milan football team. And then there is the price: a tidy one euro apiece... |
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 A small town in western Sicily has come up with a revolutionary solution... They are offering houses in the town, which sits between two rivers, for just a single euro (81 pence; $1.44). The idea is the brainchild of mayor Vittorio Sgarbi, convinced it is the only way to revitalise its crumbling historic heart.Most of the villas were damaged by an earthquake 40 years ago and since then, much of the local population moved out. "There are 3,700 houses owned by the council, almost all in the old town, that are in danger of falling down - of crumbling and dying," Mr Sgarbi explained.
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