0 5 min 2 weeks
Planeta wineries. Sambuca di Sicilia. Wine Estate dell'Ulmo. Sicily. Italy. Europe
The region is home to stunning wineries (Picture: Riccardo Lombardo/REDA&CO/Universal Images Group via Getty Images)

A Sicilian town is trying to lure in new residents by offering homes for as little as €3. 

The town of Sambuca di Sicilia, which is located 42 miles southwest of the capital Palermo, is hoping to boost its numbers by launching a scheme to allow people from around the world to buy a new home for around £2.50 – and sometimes even less.

It’s a far cry from the £724,780 average sold price for a property in London, per Zoopla. 

Following the success of the slightly cheaper but similar €1 house schemes in other parts of Italy, and in France, people who love a doer-upper may be eager to snap up one of the abandoned buildings up for sale.

Example of a home needing renovations in the Sicilian town
The homes for sale this time around will also need renovations (Picture: Municipality of Sambuca di Sicilia)
A house on a street in a Sicilian town
Prices start from €3 (Picture: Municipality of Sambuca di Sicilia)

The current sale isn’t the first time a scheme like this has happened in the town, as similar sales happened in 2019 and 2021. 

In 2019, 16 homes were up for grabs for just €1, and two years later when the scheme returned, the price went up to €2 for that year’s batch.

The demand for another collection of properties is clearly there – which may explain the ever so slightly increased base pricing – and the newly elected mayor, Giuseppe Cacioppo, told CNN more sales ‘will likely follow in coming years’, adding that ‘foreigners are flocking to buy our homes’.

Map showing Sambuca di Sicillia
Sambuca di Sicilia is located 42 miles southwest of Palermo (Picture: Metro.co.uk)

This time around there are 10 hours for potential homeowners to buy. All of the homes, like the others that have been part of the scheme or similar schemes, are dilapidated and in desperate need of some TLC.

However the mayor has said that they are ‘structurally stable’, so there’s some more good news.

The homes became the possessions of Sambuca di Sicilia’s authorities after an earthquake struck the nearby Belice Valley in 1969, leaving locals abandoning their properties for good.

The town’s population declined even further in the 21st century, however the mayor says the recent super-low house sales have helped to revive the local economy. 

The properties will go up for auction and will be sold to the highest bidder. Those taking part will have to pay a deposit of €5,000 (£4,200) which will be returned to them if they lose the bid.

One of the homes in Sambuca di Sicillia that was up for sale in 2019
One of the homes Sambuca di Sicilia that was up for sale in 2019 for €1 (Picture: Lo Bianco/Fotogramma/Ropi/REX/Shutterstock)

If you get the home, the deposit will become your deposit guarantee.

Buyers must complete the renovation work on their homes within a three-year period as per the rules, or they risk losing the deposit guarantee. Most of the homes in previous sales were sold for between €5,000 (£4,200) to €10,000 (£8,400), CNN reports.

You can visit the town hall’s website to register your interest and you see the list of homes here. The exact date of the auction has not been announced.



Woman who bought a €1 home in Italy reveals how she transformed it

A woman who took a chance on buying a property in the €1 scheme in Italy ended up spending thousands to transform it into her €450,000 (£384,000) dream home.

Meredith Tabbone took part in the first round of bidding for properties in Sambuca di Sicilia when prices started at just a euro. She decided to throw in an offer of €5,100 (£4,400).

Originally built in the 1600s, the disused building she bought had no electricity or running water and a roof thick with asbestos. 

‘The house was in very bad condition – but in many ways, it was everything I expected it to be and more,’ Meredith recalls. ‘It had so much charm. It had such interesting architectural detail. You could really see the history coming through the walls.

‘At first, the plan was just to turn it into a small getaway house. While we originally just wanted it as a tiny getaway but we’ve turned it into a dream home.’

You can see the stunning finished home here.

Inside Meredith’s house before the renovation (Picture: Meredith Tabbone / SWNS)

Do you have a story to share?

Get in touch by emailing MetroLifestyleTeam@Metro.co.uk.

Leave a Reply

Your email address will not be published. Required fields are marked *