After the success of the program in 2019, when the Italian government began selling rural town houses for 1 euro in hopes of giving life to parts of the country that were abandoned and in ruins, a number of small villages decided to join.
Now, Sambuca is upping the ante: the city of Sicily is selling 20 abandoned houses for twice the price, a trifle of two euros, just over R$12 at today’s price.
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Do not believe? Just take Lorraine Bracco’s word. Last year, the star of the series The Sopranos bought a 200-year-old house from one of these auctions and turned it into his dream home, as documented in the HGTV series My Big Italian Villa.
The new crop of properties is located in the historic center of Sambuca, which was abandoned when an earthquake hit the area in 1968. Most of the houses offered will be 50 to 80 square meters, although some are twice as large.
All bidders will have to pay a deposit of €5,000, which will be returned if they leave empty-handed. Another caveat: once a house is sold, the buyer has only three years to complete the renovation.
Interested in bidding? Submit an application before November 5, 2021 for your opportunity in one of the €2 villas. Good luck!
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