You can buy a house cheaper than a cup of coffee in Italy. It’s hard to believe, but it’s true … Houses in Sicily’s Gangi village are almost sold for free.

Based on received information you can buy a piece of Italian real estate for just one Euro – or AU$1.57 by current conversion rates. The reason why houses are so cheap is that the population is reduced in the region. The municipality of the village wants to revive the region by selling the houses cheaply.

But most of the houses offered for sale at cheap prices are in ruins. Vendors want to get rid of the costs of these old houses as soon as possible.

Advice for those who want to buy from cheap houses …

* Plan a restructuring and revaluation project within 365 days of purchase (approximately 20-25 thousand euros).

* Support notary fees for registration, transfers and stacking.

* Pay a bond of 5,000 euros for a period of three years, which is then repaid on maturity.

In 2014, the village become the most beautiful village in Italy. The village, which has a population of 7,000 people, is an ancient Sicilian village in the province of Palermo, that sits at the foothills of the Madonie mountain range.

Also, There’s also plenty of history in the village, including the Romanesque church of San Giuseppe dei Ricchiand and a 14th-century castle.

Source: centraltelegraph.com.au

Sevdenur Demir / realestatecoulisse.com

Mail: sevdenurdemir@realestatecoulisse.com

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