Some people call it the one euro scheme, I call it an option. Anyone in their right mind should understand that a home for one euro has some major major attachments to it, but if it gets you to consider purchasing something more realistically priced in Italy, perhaps in a smaller town or village well I call that a win for all parties concerned. Very informative as usual.
well said! it is an option that comes with many other options plus benefits if you know how to make that renovated 1€ house to give you a return on your investment
I've never purchased a 1 euro home, and would be hesitant to do so. Although your property may have cost 1 euro, you still need to come up with expenses associated with closing, surveys, transfer of title, translator, taxes, notary, attorney...to the tune of at least several thousand dollars. That doesn't include the cost of renovations, which may exceed the cost of buying a property already renovated. If you're interested in some of these beautiful villages, check out what's selling and cost per squar meter. You may be surprised that you're getting good value for your money...without the headaches of renovation.
Giorgio, I personally like Sambuca di Sicilia but it’s a personal choice and not questioning the list you put in the video. Apart from spending atleast 70k euros for renovating these old houses - the challenge is to find a good local builder who can do the work for you along with all the running costs and legal legwork. Another issue I saw was that even after renovating these properties the only option is to use it as an air B&B. Chances of getting the renovated house sold in future are slim.
Thank you slowcal for your feedback. I actually did a video on the dark side of one Euro homes not so long ago. I have to admit though the scheme is popular.
Growing up as an asthmatic in the Rust Belt of the U.S., I've been acutely aware the decline of air pollution from steel mills and power plants, even as automotive pollution (PM 2.5, NOx) has increased, the result of urban sprawl and poor mass transit. The topic of environmental health may not merit an entire episode, but I suspect it would be a useful criterion for many of us, especially if faced with an opportunity to reduce our daily exposure to toxins.
Thank you David for your feedback. I did mention this issue in relation to Taranto. In general though if you buy one euro houses in villages the air will generally be of good quality.
I'd have to go back and look. They are the official town websitesnand for the most part, on the mainland, not in Sicily. Very difficult to maneuver. I've decided that they aren't for me anyway. Many of the offerings appear to be partial exterior walls, or otherwise collapsed buildings. The towns tend to be beautiful, as are most Italian towns.
Nice one but this video is mostly about Sicily not Italy. Looks good but not everybody wants to move to Sicily because it is harder to reach by car and they speak a different language etc. Thanks for another nice video.
Thank you for your feedback. Sicily has the highest number of places available when it comes to one Euro homes. Unfortunately there are not that many places in the centre and the north where you can buy One Euro homes and in my opinion the villages/towns where you can buy are not very appealing.
@@saveandinvestwithgiorgiolo8375 There's nothing wrong with Sicily....great food, people, weather, and in fact it's rated as less crime ridden than most big northern cities now...bonus :)
I was surprised to see a city as large as Taranto on the list. Is the air quality really bad there right now (e.g. dangerous to breathe)? Are they working to clean it up? Is poor/dangerous air quality the reason that there are 1 Euro homes available there?
@@saveandinvestwithgiorgiolo8375 Hmmm. I wonder if that makes for an opportunity? Speculative, for sure. But I have to imagine the worst is in the past, right?
Zungoli, Castiglione di Sicilia and Sambuca di Sicilia all qualify. As a guide the town/village you choose has to have less than 20,000 residents and be in the southern regions of Italy. I think a few places in Lazio, Marche and Umbria also qualify.
Have you noticed that the information on these houses is often not translated from Italian, and even if you can figure this part out, no one answers the inquiries?
Some people call it the one euro scheme, I call it an option. Anyone in their right mind should understand that a home for one euro has some major major attachments to it, but if it gets you to consider purchasing something more realistically priced in Italy, perhaps in a smaller town or village well I call that a win for all parties concerned. Very informative as usual.
Many thanks for your feedback
well said! it is an option that comes with many other options plus benefits if you know how to make that renovated 1€ house to give you a return on your investment
I've never purchased a 1 euro home, and would be hesitant to do so. Although your property may have cost 1 euro, you still need to come up with expenses associated with closing, surveys, transfer of title, translator, taxes, notary, attorney...to the tune of at least several thousand dollars. That doesn't include the cost of renovations, which may exceed the cost of buying a property already renovated. If you're interested in some of these beautiful villages, check out what's selling and cost per squar meter. You may be surprised that you're getting good value for your money...without the headaches of renovation.
Yeo Mike I would not buy a one euro home unless of course you are into spending serious time rennovating properties.
Caltagirone is a beautiful barocco city with the best ceramic art work
Agree 100% Rosario.
Giorgio, I personally like Sambuca di Sicilia but it’s a personal choice and not questioning the list you put in the video.
Apart from spending atleast 70k euros for renovating these old houses - the challenge is to find a good local builder who can do the work for you along with all the running costs and legal legwork. Another issue I saw was that even after renovating these properties the only option is to use it as an air B&B. Chances of getting the renovated house sold in future are slim.
Thank you slowcal for your feedback. I actually did a video on the dark side of one Euro homes not so long ago. I have to admit though the scheme is popular.
Growing up as an asthmatic in the Rust Belt of the U.S., I've been acutely aware the decline of air pollution from steel mills and power plants, even as automotive pollution (PM 2.5, NOx) has increased, the result of urban sprawl and poor mass transit. The topic of environmental health may not merit an entire episode, but I suspect it would be a useful criterion for many of us, especially if faced with an opportunity to reduce our daily exposure to toxins.
Thank you David for your feedback. I did mention this issue in relation to Taranto. In general though if you buy one euro houses in villages the air will generally be of good quality.
I'd have to go back and look. They are the official town websitesnand for the most part, on the mainland, not in Sicily. Very difficult to maneuver. I've decided that they aren't for me anyway. Many of the offerings appear to be partial exterior walls, or otherwise collapsed buildings. The towns tend to be beautiful, as are most Italian towns.
Yes many places are complete wrecks that's why I don't recommend one euro homes unless you really enjoy rennovation projects.
Thanks for lovely video with valuable information. Being an Indian based UAE how can I buy house & retire the places you suggested . Best wishes
Thank you for your kind feedback. I am going to be doing a video on this very topic in the near future. Research is ongoing.
Interested in 1E homes but not sicaly. also 7% tax towns. Coming to Italy April 2. Start in Milon. Hopefu)y for entire trip of 3 months.
@@saveandinvestwithgiorgiolo8375 thank you. Very keen to see it
Nice one but this video is mostly about Sicily not Italy. Looks good but not everybody wants to move to Sicily because it is harder to reach by car and they speak a different language etc. Thanks for another nice video.
Thank you for responding. This good information you have provided!
Thank you for your feedback. Sicily has the highest number of places available when it comes to one Euro homes. Unfortunately there are not that many places in the centre and the north where you can buy One Euro homes and in my opinion the villages/towns where you can buy are not very appealing.
Hopefully there will be more responeses.
They speak italian too in sicily
@@saveandinvestwithgiorgiolo8375 There's nothing wrong with Sicily....great food, people, weather, and in fact it's rated as less crime ridden than most big northern cities now...bonus :)
I was surprised to see a city as large as Taranto on the list. Is the air quality really bad there right now (e.g. dangerous to breathe)? Are they working to clean it up? Is poor/dangerous air quality the reason that there are 1 Euro homes available there?
Things are a lot better now but this issue has left a mark on the city.
@@saveandinvestwithgiorgiolo8375 Hmmm. I wonder if that makes for an opportunity? Speculative, for sure. But I have to imagine the worst is in the past, right?
@@Calipeixegato The worst is past. I personally am not keen though on Euro Homes.
Which of these cities are located in the 7% tax incentive for seniors?
Zungoli, Castiglione di Sicilia and Sambuca di Sicilia all qualify. As a guide the town/village you choose has to have less than 20,000 residents and be in the southern regions of Italy. I think a few places in Lazio, Marche and Umbria also qualify.
If you’re gonna make a video like this you’ve gotta show where each place is on a map.
Have you noticed that the information on these houses is often not translated from Italian, and even if you can figure this part out, no one answers the inquiries?
Which website/s are you lookin at at ?
🍄🌳🌻
Thank you for your feedback.
Very intresting. Are you Italian ? Clearly this difficulty is well known. Please suppyy a e-mail or web adress.
Kind regards