Italy is one of the countries with the lowest real estate prices in Europe. According to the data of Italy National Real Estate, real estate values in Italy fell by 0.8.

John Henderson, a American writer living in Rome, wrote a story about the Italian real estate market. John Henderson, Italy made some statements about the real estate market.


According to Jonh Henderson, a man in the Italian town of Abruzzo tried a different way of disposing of his low worth home. Jamie Abbott will sell his three-story house in a village in the rural village of Abruzzo, the poorest, most beautiful, unspoilt region in Italy.

Raffle tickets are worth € 50.

“The property market is so bad that even for a gorgeous house like [this]…” Abbott said by phone this week.

“People loved the house because in this particular area it’s almost impossible to find a detached house with a garden near the historical centre of the village. So it was getting a lot of interest, but people just weren’t going any further than that.”

The house, which is sold by lottery, consists of 3 bedrooms and two bathrooms. The 120-square-meter house has suspended ceilings. Although the house is known for its natural beauty, there are only 90 people living in the village. The village known for its mushrooms was used in Ladyhawke, a 1985 medieval fantasy film.

Due to the fact that real estate values continue to decrease in Italy, many homes can be sold by lottery method. Recently, house sales were made in the village of Samuca in Sicily for 1 dollar. In January 2018, the town of Ollolai in Sardinia sold 200 desolate houses for one euro each. Gangi in Sicily has sold homes for 1 Euro since 2014.

Abbott is aware of the skepticism. “People are like, ‘It must be a scam, because it’s too good to be true’,” he said. “We’ve published this on many group pages, like Facebook. But before they even look at the site they instantly come back with a cry of ‘Scam! Be careful’. I personally reply to every single one of those saying ‘Actually, it’s not’. We’re trying to be open and transparent. Fifty percent come back and go, ‘OK, my apologies. My bad. Because I didn’t read it.’

Source: thelocal.it

Sevdenur Demir / [email protected]