You can now buy a home in Sicily for under £1 - YOU Magazine Fashion Beauty Celebrity Health Life Relationships Horoscopes Food Interiors Travel Sign in Welcome!Log into your account Forgot your password? Password recovery Recover your password Search Sign in Welcome! Log into your account Forgot your password? Get help Password recovery Recover your password A password will be e-mailed to you. YOU Magazine Fashion Beauty Celebrity Health Life Relationships Horoscopes Food Interiors Travel Home Travel You can now buy a home in Sicily for under £1 By You Magazine - January 22, 2019 Have you ever dreamt of moving abroad, perhaps to a warmer climate with delicious food at every corner? Say, somewhere like Sicily? Well you’re in luck. And we mean serious luck. The Sicilian town of Sambuca is currently selling houses off for as little as €1 – yes, really. That is the equivalent of around 88p. The incredible bargain has been introduced to encourage people to move to the rural town in order to help the economy and encourage re-population. Getty Images The initiate follows a similar sale in the Sardinian town of Ollolai, where 200 houses were on the market for just €1 each in an attempt to attract new residents back in January 2018. Speaking to CNN, Sambuca’s Deputy Mayor and Tourist Councillor, Giuseppe Cacioppo, said: ‘As opposed to other towns that have merely done this for propaganda, this city hall owns all €1 houses on sale. He continued: ‘We’re not intermediaries who liaise between old and new owners. You want that house, you’ll get it [in] no time.’ Getty Images We know, it all sounds a bit too good to be true, which is why there obviously is a catch. After all, there is no such thing as a free (or almost free) lunch. But fear not, the catch isn’t as off putting as you may expect. In fact, it is still a bargain. The properties in question, which all vary from around from 430 square feet to 1,614 square feet, must be renovated. So as part of the deal, those who buys any of the houses on offer will have to commit to spending at least €15,000 (£13,200) on renovating over a period of three years. You will also have to pay a €5,000 security deposit which will of course be refunded as soon as your renovation is complete. So, that’s under £14,000 in total for your very own Sicilian home. If that isn’t an attractive price, we don’t know what is! Sambuca, described by Cacioppo as the ‘city of splendor’ is a hilltop town which is just a 75-minute drive south-west of the Sicilian capital of Palermo. In 2016, it was nominated in Italy’s Most Beautiful Town competition. Who wouldn’t want to live there? If you’re interested in buying and renovating a property, contact [email protected]. RELATED ARTICLESMORE FROM AUTHOR Hotel review Wyndham Residences Costa Adeje National Trust is giving away free tickets this autumn Hotel review Una St Ives Cornwall DON' T MISS Fiona Bruce Sometimes I struggle not to cry November 14, 2021 17 beautiful 2021 diaries to help you to look forward to December 4, 2020 Why women leave men for women What’ s fuelling the rise of April 28, 2019 Hollywood veteran Laura Linney on plastic surgery friendship and her stellar July 3, 2017 You can shop the khaki jumpsuit from Holly Willoughby’ s new M& S July 17, 2019 The secrets and lies behind this happy family photo April 11, 2021 It’ s cocktail hour Olly Smith’ s cocktail recipes and Eleanor Maidment s canapé November 14, 2021 BBC One has revealed its Christmas TV schedule and there’ s lots December 2, 2020 YOU Beauty Box August Reviews August 1, 2017 Rome has been named the cheapest major city to visit in August 7, 2019 Popular CategoriesFood2704Life2496Fashion2240Beauty1738Celebrity1261Interiors684 Sign up for YOUMail Thanks for subscribing Please check your email to confirm (If you don't see the email, check the spam box) Fashion Beauty Celebrity Life Food Privacy & Cookies T&C Copyright 2022 - YOU Magazine. All Rights Reserved