The Truth Behind Italy’s 1 Euro Houses | Everything You Need to Know
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- เผยแพร่เมื่อ 15 ก.ย. 2023
- I thought about buying a 1 Euro House in Italy.... find out the I Did...NOT!
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If you're still intrigued and eager to get started, you can find 1 euro houses listed on websites like www.1eurohouses.com, www.case1euro.it, as well as on the official websites of individual municipalities, such as the Comune of Sambuca and Citta de Troina in Sicily. Auctions2Italy also features some properties priced at €2. Additionally, www.Europe.properties offers case studies and guides on how to navigate this unique opportunity
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I wish we had the 1€ houses concept in Austria. There are thousands of abandoned historic and beautiful buildings everywhere, yet no one cares about them. Or even thinks of putting them on the market.
They slowly decay and it's very sad to see.
If I could get one of them for one €, even if I had to place this 5000€ deposit with the city government and had to renovate within a certain time, I would totally do it.
Here in the US also.
Propose it to the government! Start a petition.
I'm also from Austria and that would be a dream!
@@BlissfulDee yes the laws apparently allow for houses to decay. Once the law allows the sale of houses which are decaying or have been empty for decades, then this can happen.
There are often such deals in France. But like anywhere else, it comes with conditions and costs you need to study really well.
Back in 96-98 and again in 03-04 i was stationed in Italy. More specifically Sardinia and Naples. I loved Sardinia and wished I had the money to travel back. Also I have family in Sicily. My heart belongs in Italy, to the point I want to retire there. My biggest hangup is money for flights between the States and Italy and our 6 year old being in school (and her name is Siena ❤). I have hope some day we can make this dream happen.
I have purchased 9000m2 land in Sicily. And want to start a place where people can camp, off grid showers and toilets. Big outdoor kitchen with a big pergola. And going to build 2 small houses of 45 m2 each. I cant wait to go there during the summer to start building all of this. Love Italy such a warm beautiful country. ❤
Thank you for the very sensible advice and your insights into purchasing a one euro house in Italy. I imagine it would be all too easy to get carried away on a wave of enthusiasm, without comprehending the complexities of purchase and the costs of refurbishment. Having watched several of your videos on refurbishing your house and buying furnishings at local second hand markets. I think anyone considering undertaking the purchase of a house would benefit by watching them too. Your style and imagination have created a very comfortable and cosy home.
When I researched the one euro houses, it became obvious that ownership does not transfer in its entirety at time of purchase. What seems to take place is more like a lease purchase where plenty of covenants have to be met in time and manner before the title fully transfer. In some cases at the end of the lease provision is that the renovated house reverts entirely to the seller or has to be closed on based on its renovated value. No thank you.....
Well... You DO get to own the house. But its not like they are just giving houses away to people, or to companies that just want to flip them for a profit. You have to commit to living in the area for a bit, and to spend at least a certain amount to fixing up the house. But thats it. Then its your house. The point here is to bring some life back into villages that need new investment, new people. You make it sound awfully difficult. But these are the basic minimum requirements needed if you were going to actually live there either way. There is no hidden criteria or fine print in the contract.
@@captain_context9991hi
Renovation will cost 5-600 Euros per square meter. Double that for extensive renovations.
These costs assume that 1) there aren't major undetected problems and that 2) you'll find a competent and honest contractor (which in some areas is next to impossible).
Thank you for this comment! I knew there must have been more fine print 😂 Sicilian mafia don't sleep...
Please be aware that not every nationality can purchase in Italy. I'm Australian and had a hairy experience where we were at the notary office to make our purchase official, he turned around and informed me that Australians were not allowed to buy. This later turned out not to be the case but if your country does not have reciprocal purchasing rights, for example New Zealand, then you will not be able to purchase
is there is a spacific way to know exactly which country not allwed to buy ?
This was very helpful actually.
Thank you. I was looking at them but was a little overwhelmed what I was reading especially about the ID number. I didn’t know how to get one and what it was for!
Also I thought the houses were only in Sicily so it’s good to know it’s in other parts.
Are there any of countries that offer this that your aware of?
Great !! I have wondered about this 1€ fairytale, we are three friends who would like to share time and renovation costs between us 🙂
Usually I don’t reply negatively on channels like this. But I feel obligated to advise you to lay out all finances and decision making beforehand, in great detail. Think of all instances and put it in writing. You might be better off to purchase three properties and later share contractors and building materials.
I thought of going in with a friend as well but alas I want place decorated in my taste level haha!
I wish all of these very old homes could be renovated! However, at this time I’m not in the financial position to afford the extensive and expensive repairs. I wouldn’t want to live in Sicily or in the southern part of Italy 🇮🇹. I prefer Tuscany just like you, Julie @AmericanViscountess
I watch LEAW LEAVE EVERYTHING AND WANDER on TH-cam and they have just bought a 1euro house in Sicily, they have travelled the world in their camper van but now have a daughter, Sara, Luca and baby Luce they are wonderful people, fascinating
Their place is stunning with an amazing sea view large living room that reminds me of French flats. But they did say they Must live there for at least 5 years and can not resale for 5 years and other rules.
I do too. Lovely family.
I do too!! I am loving their channel!
Great information- I was curious about those houses too. 😊❤the beaver mug
Thank you so much for explaining this to us. I knew the 1 Euro houses were not so simple and cheap like they make it sound. Great hints and tips.
Glad it was helpful!
My guess the 1€ houses come with very particular conditions….
Yes, like being a young couple, having to live there permanently for at least 5 yrs, have small children and work from home from what I've read
A lot of them want you to have a minimum spend for renovations, could be 100k or more. They also want you in the home for a certain number of months of the year because they want to help revive these small towns
yes@@gabrielleeast9578
Yes and taxes that can be quite high. They are not based on 1 euro
Thank you for this. This was super informative!
My daughter-in-law bought a $1 block of land in outback Queensland. She had to put a house on it and live there for two years before she could sell it.
doesn't seem worth it!
Started looking into this pre-cough-cough. Obstacles: 1. visa/residency. 2. Closing costs + deposits to govt + renovation costs. No longer able to do much of anything toward renovations, decoration, or even interior painting, so have to hire people for everything! I'd love to live in Italy - or practically anywhere in Europe as I lived in Asia for a long-long time & have seen next to nothing of Europe. But just not in any condition to manage all this, even with a very-very-very short walk to market, etc. Cannot manage stairs or hills, either! Very sad for me, but just not feasible despite my yearnings.
Also in France are lots of low priced houses to renovate.
Even Chateau's under a million Euro😅
Where? Which cities?
Love your style choices! Looking amazing! Watching from NEW Zealand
That was so informative. Thank you!
You are so welcome!
Most helpful, thanks, Julie. Straight and to the point. 🤗🙏
Julie dear, can you advise, what property taxes and any other type of taxes costs are, approximately? Thank you, your Sycamore, Illinois friend 💕🙏🙏
It goes off how many properties you own. Usually most are 400 euros a year approx.. depending on size too.
I've considered the 1 Euro house, but I have read that they are primarily houses that need a TON of renovation in order to be livable, and I'm not interested in doing that at this point in my life.
Sorry, but what did you expect for 1 euro? A complete renovated house totaly given away for free? As soon as you red "1 euro" you should knew there were some reasons behind that price.
@@Flash-ml3tl Why is it that people who are about to attack always seem to lead with the word "Sorry?" Perhaps I could/should have gone into greater detail to make plain for those who might think/read at a more shallow level exactly what I was talking about, but I was so hoping that others would understand my point was simply that the overwhelming majority of the houses required more work than I am able to do at this point. There are, indeed, halfway decent 1 euro houses to be had, but they were in areas where I would choose not to live. Thank you for your question, and have a great day!
@@lorigray9291 It's "Sorry, but I cannot understand"
Very informative. 👏🏻👏🏻❣️
It is very appealing. But they tend to be in small or isolated towns where they're trying to get people to move back, and I would want to live somewhere more lively. The paperwork also sounds a bit stressful. Other than that I suppose it's just as much renovation as any run down property. It could be a really fun project!
This was soooo helpful!! thank you thank you thank you.
tnx for detailed pit falls, your hand signs helped my hard a hearing! lol
outstanding info with lots of specifics
but they require.... about 200k or more....us dollars to get them livable
better to buy a place like Julie's
Informative, thank you.
Thanks for watching!
Great tips and information 😍😘
Great Video...thank you for the disclosure as it is really tempting...I just came back from my 1st trip and was
really blown away by the beauty of Italy!
Thank you for the information and very valuable
Thank you. How much did you pay for your house in Tuscany? I doubt that there is anything affordable in Naples?
Great informative video, thank you.
Glad it was helpful!
I cannot thank you enough for this video. It has been the most helpful accumulation of information on Euro houses I have come across thus far answering the myriad of questions I had, as well as giving me better direction and resources.
I can't imagine buying a place that is literally falling down, full of mold and mildew and needs hundreds of thousands to make it livable. Especially when there's no yard.
They are more like 50 thousand to fix but I saw one redone for 140 or so but it looked like an amazing place once done I would really want to own.
Currently traveling around Italy, trying to keep an open mind. Vendesi signs are everywhere and many of the houses I saw might have been €1 euro houses but I’m interested in something habitable and it seems none of those €1 euro houses are habitable. Just arrived in Fivizzano today, hoping to find my dream home. Passed by your house but no lights were on so I assumed you must be in the UK.
😎Why did I (AV Patreon) not receive a link to this on my email page ?? I just happened onto it on YouTybe ?? Anyway, super informative. I went down the Second Home 🏡🏘route (in New Mexico) but in the end went back to the alternative charms of local hosteleries (obligation, hassle free). Buying and massively renovating a tumble-down house and dealing with governments and possibly local undeworld in a foreign country where most Americans don't speak the language is something that few could successfullly manage !!
Luca, Sara and their baby just got a 1dollar casa..
Leave everything behind..husband is an architect..did ALOT of work himself with a whole crew masonry etc....in SICILY...
JULIE, CHECK THEM OUT..NICE COUPLE FROM ITALY...
LOVE LITTLE CASA OF YOURS❤
The house they got was in remarkable condition. Some on offer are truly decrepit.
Their house wasn't really one euro, they said this
@@daisy9910yep, it hadn't been lived in for 25 years but had been maintained somewhat, such as the roof
he is a giometra, not an architect, giometra is a surveyor. Yes, they found a nice place with a sea view but not many are so lucky, they explain well all the rules, like living there permanently for 5 years at least.
Yes. I follow them . What a cute family. They have an innocence about life.
Great Vlog 🎉 Bellissimo vlog! You forgot to mention that retirement people non Italians who choose to settle and retire in some regions i.e. Sicily the gouvernement grant them a tax refunds on monthly retirement salary 🎉🎉 A reliable architect along with building compagnies usually can monitor house works.
Yes! Thank you!
fantastic to reap the benefits of your research. thank u
Great job. If you purchase a 1 euro house, does Italy offer a visa to be able to stay there? How does that work? Thank you again!
Love your clip, very informative. Inspired to buy a place there. Like the idea live there for a few days every few months. Any advice. Thx, Sam from Washington DC
I would like to purchase a 1€ in Sicily near Palermo . What is the closest town along the coastline near Palermo offering 1€ houses ?
This is my goal for the next year or 2. Thanks for the information.
I don't want to live in Italy but if I did I'd love the idea of doing up a derelict cottage and making it just how I'd like it. But as I don't have the physical strength now,or the funds either it's just as well I don't want to. There are always conditions of some sort with those sort of deals so I guess you'd have to see if you could comply without ruining your own plans.
Love your videos. Where did you get your mug?
They have also 1 pound house in some parts of Liverpool too. I'm looking forward to buying in Lunigiana, because is close to my beloved 5 Terre and not expensive, or Umbria, there is no 1 euro home there🤣. Neither stunning Taormina nor Cefalù has 1 euro home.😉oh what a shame.
Since my 💖 is in Roma, there's no 1 Euro houses for me.
Thank you Julie! You always have wonderful information and always willing to share what you’ve learned. Much appreciated!
Buying a 1 Euro house in Southern Italy is absolutely not advisable. Having lived in Sicily as a young adult, I learned about the bureaucracy and corruption that and make owning anything extremely difficult and costly. Also, depending on the town or village where you purchase that home, all of the trades people may have already moved to a bigger cities for work and are unavailable to make the renovations and restorations. Not to mention the language issues, as the further you move away from Palermo or other major metropolitan areas (by Sicily's standards), people speak in dialect and do not understand or speak basic Italian). Even the most well connected Sicilians have had trouble restoring those homes and have completely given up, which is why they are now extending the offer to all in sundry all around the world. Alas, because Sicily is an extraordinarily beautiful and historical island; and is a wonderful place to live.
Sicilians speak dialect, but not Italian......hmmmm ye..ok....your ignorance doesn't even need lights.....
@@user-en9jk8rf8v I am talking about in the small towns and villages where houses are available for €1 because Italians and Sicilians do not want these homes and will not restore them and live in them. This is not based on ignorance, this is based on my own personal experience. But I'm not talking about all Sicilians. Indeed there are many Sicilians who are well-educated and speak multiple languages and have traveled, lived in and studied throughout the world. When I lived there 40 years ago, this was my experience. Of course, so things may have changed since that time but I have some acquaintances who have bought houses there and told me that not much has changed with respect to Sicilians that remained in small towns and villages as opposed to those who moved to bigger cities throughout Europe and the United States for education and jobs.
There are videos on youtube of people in Sicily who fixed up a very cheap almost 1 euro house and they offer the experts craftspeople to others. It is not hard.
Hi. Can you direct me to a complete list of available homes? Thank you!
Thank you so much! Can you possibly share the contact of the agency that helped you with the purchase and paperwork?
"codice fiscale" shown version on this video is the old type card and might be misleading. Today Id card and "codice fiscale" are all in one with specific readable microchips and data like name, adress etc. must be both in English and Italian. The sanitary card also has the "codice fiscale".
Thank you Dear for all your information we love you ❤
That is my daydream i am undecided between Tulum Mexico or urban life in a place like montepulciano or Livorno. I Love Tuscany in general perhaps a place near from Florence
Plenty have made beautiful homes in Italy.
Bigger cities in the US do this too. There's usually a time limit to make the repairs needed. If the house isn't completed, you forfeit everything you have invested.
Which cities?
seriously, which ones?
I am very interested on buying one. But I need to know the catch because it feel the condition can be the problem
Also, one needs to keep in mind should you choose a place in a more isolated area, are their professionals that you can hire in the area, many trades people are hard to get, hence research is required for this as well.
God bless u
I’ve watched a gazillion TH-cam videos on the topic of 1 euro houses. Ultimately, I doubt I would venture there. Not being a hand-man-type woman (I have trouble hanging pictures), and not speaking the language are the main considerations. Most of these homes are, sadly, in need of gutting. But the 1st reason is that the towns where these are available seem depressed and almost abandoned. Being a single woman, that’s a no-go. Maybe if I had a spouse I loved spending all my time with, I’d reconsider. But as it is, I think it would be a lonely voyage.
I thought about everything you just wrote myself. I love to explore historic villas, sites of Italy, art museums fountains but with who?? I would want one of these houses only to have a cheap place to start day trips from and end up at home at the end of a day out but can be scary all alone.
Great sun in Italy. Not as good as Greece but really nice.
Hi, I just retired and have been looking for a place in Italy to buy I am in good shape run 5miles a day and lift weights so I still work but do what I want to do but here in the U.S. where i live the winters are a bit much for me now that I'm older plus from what I have found the quality of food is better in Italy too. I would want a place to live at least4-6 months out of the year and maybe full time ten years down the road planning on a trip there mid summer to take a look at some places that interest me,
My sister has just bought a house requiring reasonable restoration in Tuscany at auction from the municipality in Torna. 362,000€.
Three 1€ houses she looked at would have cost after restoration 100,000€ to 200,000€ all expenses included for a much inferior property.
Am from SA, thats a dope idea
Renovation will cost 5-600 Euros per square meter. Double that for extensive renovations.
These costs assume that there aren't major undetected problems and that you'll find a competent and honest contractor (which in some areas is next to impossible).
how could non eu residets buy this houses? i mean what type of visa should they obtain?
Nice one
How is financing handled? Are you financing with United States lender or Italian lender?
I really enjoy your channel 👍🇮🇹
Jeff from iloveitalian
Thank you very much!
Prego 🤗
If I could get them really for 1e and rules I need to renovate it it's fine. But usually it comes 1e + 5k paper work + 5k deposit what you get back only after renovation is done. It worth it. I'm builder myself and from Europe. For 5k I can do so much work done for house. It's dragging back all progress. Much better just buy one of 5k properties without any tights and do your work peacefully
I'm guessing Julie was a cheerleader and probably an Aries. She has so much energy!
Hi. I would like to suggest an assignment for you. I know you are busy. I would love to see Europe and mostly the UK purchase up all abandoned houses and estates and lands. Then build different kinds of cottages on them to sell or "let". The inheritance taxes are WAY TOO HIGH and this could be a way to help. First of all these places may be abandoned as the family cannot afford the inheritance taxes so they leave them to rot. So sad. If the government would buy these up, the items inside could be cleaned up and sold for extra profit. I suggest a windmill and solar panels for help with energy for the cortege houses and help farmers realize plants that can be grown to burn in fireplaces and stoves in kitchens. These crops are grown every year and do not deplete the environment. Plus good insulation and good insulated windows. Their water pump with fresh water and the brown water filtered and made fresh again. Plant fibers can also be used for filtering and can be replaced easily as farmers would grow crops with high fiber for filters. They would help with smoke stacks to filter pollution as well. Lovely cottages is my suggestion as we all would love a cottage however I do realize the younger ones would like more modern facilities. Those could be carefully planned to build the environment carefully for people from other countries to move in and visit regularly. So much could be done by a government to help funds and their people. Your assignment is to get this HUGE project moving and oversee its completion and ongoing process. Jobs would be created and money would come in so the inheritance taxes could go down and families would go back to handing their places down within the family or to loved ones and friends. That is my HUGE IDEA. We need to do this in the USA and I have already told my local Senator and Representative my ideas. I don't put too much hope in my government as it is today. It needs some good overhauling to better serve the people and remember that they work for the people, not the other way around. These things do not need to be left to the rich and super-rich. Let's get all social economic people involved and participating. What a great idea. And remember wildlife, plant life, farmers, and good plants and animals to eat and raise. I suggest going back to small farms all over the country as this helps keep the animals and plants grown more healthy and it is kinder to the animals than huge facilities that crowd animals into them for raising for foods. Then if a germ comes along, large amounts of animals are affected. Small farmers are the answer to a better economy and country.
Great!
شكر جدا لك❤
So - I live in Germany, travel a lot to Italy, and I speak fluent Italian. I have (and still do, sometimes) look for one Euro houses.
- they are located almost only in the extreme south
- they are located in towns in the middle of nowhere, sometimes tough to even get to (quickly)
- You have to basically rebuild them. I mean this quite literally. You will be rebuilding walls, the roof, everything. You'll basically be building the house again, but you'll have to clean up first.
- many of them were built, or changed at some point, without proper permits. You're going to need a lawyer to sort this out. Just because the local govt is selling it DOES NOT MEAN that the house is actually allowed to be rebuilt, or be at all similar to the building that you saw. (I've had this happen 3 times!)
Mostly - its a waste of time....IMO.
I have question, can anyone but property in the UK , if one is not a living there, my husband said you have to be a resident of UK.
Yes I’ve considered a 1 euro house except I want to live as close as possible to Naples! ❤
The 1 euro homes must be just about falling down; or in villages with few people!
Buy the whole village
03:00
08:00
If you have the money and skills you can get a 1 euro house. There are videos of people who have done this and the huge repairs they are doing.
Discussed w my wife…I’ll retire a lieutenant colonel, rather than promote one more time, trading time for more money. Want to live in northern Italy so I can swim each morning like I did when I vacationed in the riviera ponente, a kilometer out to buoy, and back, then sip coffee, pick olives, peppers make salad out of my own backyard, see the Monaco grandprix or the ski jumping and giant slalom competitions in the alps…basically quality of life while still young
What happens for you after January 1st, 2024 and the new Schengen rules???
90 days is enough.
Where there actual owner of house go?
If you use a VPN they FOR SURE have your information internally 😂
int'resting!
If you don’t complete the project in the 3 years, what happens?
Thanks for a thorough explanation!
If it's too good to be true, it probably is.
❤❤❤❤❤❤❤❤❤
Do people really think that Italy sells new perfect houses for 1 euro? Of course no, you must renovate them in order to live there. But Just think that so many old houses are for sale at higher prices. So if you can have It for 1 euro Is Better than 10.000 ! Then you have to know how to do It... But, are there people that Will not check all the information before to do that? An house Is not a pair of shoes.
Isn't it simpler to buy a 25k EUR cheap flat in Spain?
But what's the real cost we have to pay??
The average listing is for a completely deteriorated structure of 35 square meters or less. Such would be condemned in North America. 35 sm is about 350 square feet, which is about the area of my bedroom with ensuite. You call this a house? The structure must be reconstructed, not simply renovated. From experience, what you budget for $50k, could easily reach $150k; and very very much more for a larger space. Then comes all the taxes and other levies you will pay to Italy on your world-wide income, which could be 60%, with no right to citizenship, nor to work, etc. Civic facilities will be very limited: ie no hospital. uh, no thanks.
Not a day goes by
Is a €2 twice as good as a €1 house? Heh! Which visa allows a non-EU person to stay in Italy?
👍