Good deals abroad: Italian country houses sold for 1 euro

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If you dream of a move more drastic than a local sea and you want to call Italy the sweet Rome, this could be the solution for you.

According to CNN, the historic houses in the town of Maenza are expected to be marketed for just one euro. Yes, one euro is about $ 1.66 in New Zealand dollars. Spend the equivalent of a double latte and buy three.

Maenza is located just under an hour and a half from Rome, and it is expected that there will be around 100 houses up for grabs.

The price of these places makes the idea of ​​packing your bags and moving to Italy even more appealing.

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The price of these places makes the idea of ​​packing your bags and moving to Italy even more appealing.

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If this all sounds too good to be true, there is – as it often is with these things – a catch.

The townhouses are mostly run down, date from the 1700s, and part of Italy’s renovation initiative.

For new owners, a deposit of just over $ 8,000 is required and refundable once the property has been renovated over a three-year period.

New homeowners need to explain to the government how they will use the property and the changes they plan to make to housing, in addition to implementing more forward-looking changes like earthquake prevention.

Maenza now joins other more remote areas of Italy which are part of this initiative, but which is the most central.

Local mayor Claudio Sperduti told CNN that, unlike other parts of Italy, the offers are not the result of a small population.

“It’s not a dying city, people still live in the old quarter, but it needs a renewal, fresh oxygen,” he said.


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