WHAT'S WRONG WITH 1 EURO HOUSES IN ITALY
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- Опубликовано: 7 авг 2024
- Welcome to Dramatically Expatic! In this video, I've decided to talk about the famous houses for 1 euro in Italy. Just google "1 euro homes Italy" and you'll see lots of information about it, however, many people think they can actually buy a house spending only 1 euro... which is not exactly true. While I'm not trying to dissuade you from joining the project, I invite you to make some research - or watch this video till the end to find out more!
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ABOUT:
Hi! I’m Valeria, and I’m a Ukrainian expat and digital nomad, currently living in Italy. I first came here without speaking the language and being totally unprepared, but pretty sure this is gonna be an adventure of a lifetime! I love discovering Italian culture, Italian people and, of course, Italian food. I'm a full-time content creator, so when I'm not making travel videos, I'm taking photos, writing and creating artworks. Studying is another passion of mine, and currently I’m finishing my Masters degree at the University of Bologna. Here I post regular travel vlogs, tips on expat life, moving abroad, personal growth and self-esteem as a woman living abroad, so hop on and welcome on board!
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The video would be so much better without music, let us hear the sounds of nature around you and feel the true aesthetic of life in Italy. Just a suggestion 😘
The music makes this unwatchable for me.
@@lakshmicostello900 agreed
yes
I agree👌👌👌👌
or maybe lowering the volume + different beat like lofi beat with some nature sounds
A bit of perspective; these comparable costs in other countries is much higher. The prices of buying these homes and renovating Them is frequently cheaper than rehabbing a kitchen in an American home. The point of these homes is to preserve historic homes and revitalize a town with a dwindling population.
Exactly, small towns were I live in canada are only 100 to 150 years old. Imagine a 1000 year old town getting completely abandoned. That's tragedy.
It sounds to me that she just wants to sell a it sounds like she wants to sell something that's already been renovated where she's making
@arnoldo8563 She just wants to open people's eyes to reality. I think it's a fairly accurate video. I am a real estate investor, I have looked at the opportunities and have found. If you pay just 20000 euros more than the cost of renovating a one euro house. You can get a property in a more popular area with markets and cafes with convenient public transportation. These 1 € properties are in dieing villages. They are dieing for a reason .
Okay people. You not getting a prime property for 1-30,000 Euro. As a German, I don’t look at prime properties. Most Germans who work 45-50 years are getting a small pension. Since I was a young man, the German government has been pushing people to buy property , have another small private pension plan, plus the government pension. Well. Now, pensioners must pay tax on all their income. Nice idea of the government. Now pensioners have even less and can’t afford to live in Germany. I left Germany 2005. Enough bull sxxx. Worked 14 years in Canada and moved 2020 permanently to Panama. Affordable living. - Back to the cheap Italian houses. I did ask my son in Germany wo is now 28 if he ever considered to get a property in Italy because houses are ridiculously expensive in Germany and the new property tax laws are insane. He could never afford a house in Germany. And the retirement benefits aren’t safe in Germany.
The average I’ve read several places that most people spend on a 1€ house (€20,000 to €40,000) is less than 1/10th the price of houses where I live, so for me, I’d buy it in a blink, even if it cost twice that.
shitty ass locations have a market value of 1/1000 of good locations.
@@bengraham5699 I''ve seen multiple of these houses near large cities (less than 60 km) and near the sea. You might consider this a shitty location, but I would love to have this as a vacation house.
If you can work from home or other sources of income, otherwise living in a shitty location is not possible for people who need to work for money...
I have been to first 1 euro project house when I was considering buying one. Don't recall the town name but it was on my way driving to Rome back in 2018. The houses were totally restored and nice but people looked miserable there. There was only one Cafe and it was close. The streets were OK, but the road to that town was not paved. After seeing that I gave up, couldn't see myself living there. I doubt there was internet, the mobile phone reception was limited. The place was in the middle of mountains. I asked the locals, and they told me I could buy a good house in the region for 40k-50k...no need to go to that extreme.
That's not what I've seen. Even 100.000 or more.
Tank you so much keep up your truthful and informative presentations
Very nice explained. None of the videos on YT tells us about the actual situation of the village or city... I would like to know if they have a doctor, pharmacy, grocery stores, hospital, police, schools etc.
obviously
I think this video was very informative and filled with a lot of great information that may help a lot of people. I think the delivery was excellent too, it was not negative in tone at all. It had information that is hard to find in other videos and I think that is helpful.
It would have been good to include some positives in the video too. There are plenty of people out there who are happy to cover the costs you mention and are able to proceed with the project right away.
Thanks for sharing...its appreciated 🙏
Great video
underrated video! it’s great!!!!
Very informative thanks
Thankfully for given your knowledge 🎉🎉🎉
It would be good for vacation house or the art studio for minimalist artists
Nice I'm subscribed
It sounds like the extra costs and fees are supporting the local Italian government and bureaucracy. But even so, as mentioned by others it is still cheap compared to other parts of the world. You need to try and live there for a while before diving in and buying a property; if you already know Italy and the area you are thinking of buying, then it is not an issue. Certainly its a good idea for people from colder climates looking for a warmer place to retire.
Absolutely.
Why so negative about this scheme? €20,000 to €40,000 is the price of 1 car garage here is Malta... Let's be more honest and sincere about this video. The concept of buying these houses is a great opportunity for investment to help community and to keep local heritage. My friends, a Maltese couple took this scheme and they have a marvellous 2 bedroom home in the heart of Abruzzo, refurbished themselves with local Italian workers and they didn't exceed the prices you mentioned.
Well done.
Thank you ❤️
Many thanks for making such a truthful and informative content ❤
Could you make a video about the best way to buy a property in Italy? Would you talk to a real estate agent? How would you search for a professional one? Would you talk to a lawyer? How can you contact them? What to consider when planning and arranging such an investment?
Thank you in advance 🍀
Buying a house at 1 euro + 4-5k + 20-50k ~ 56k (on the higher end) is a bargain. In the US, I bought my house brand new for 299k, and it is now worth ~424k. Honesty, it is not worth that much. The way that these companies are building houses in the US for 3 months are not worth it. I rather buy a house in Italy for 1 euro + the other fees + renovation fees than buying a crapping home in the US. Can you imagine if I sell my house and then buy a house that was once worth 100k is now selling for 300k? My ex wife once had an apartment and bought it for 30k, which was great for a single college woman, and sold it for 50k. I told her to not sell it, and now she wishes she hasn't. That same apartment is now worth over 100k.
85% of Italians have their own house, so prices are not inflated, there is no real estate bubble, health care is free, the food is one of the best in the world, and you are close to the best tourist places in the world.
@@vinibelliero5905 I know. I used to live there. When time is right, I will come back and live there.
@@PS-dp8yg if you sell your house in the united states, you can buy a big house with a big pool in tuscany, all made of stone like a castle, on a huge plot
@@vinibelliero5905 I have to get rid of my ex-wife first. LOL Then, I'm moving back to Italy. The whole reason for the divorce is because of Italy. I had plans to move back, and I told my ex-wife, my girlfriend at the time, about it, and she replied with, "I will follow you around the world." At that moment, I thought I had found my best friend. Once we got married and had a daughter, I had the opportunity to work anywhere as long as there was an internet connection. She simply denied it and said that she doesn't like Italy. I was crushed, and it was downhill from there. Once this mess is settled, I'm moving back.
@@PS-dp8yg I live in Brazil, Rio de Janeiro, but I have the right to Italian citizenship, I'm finishing the process to move to Italy, I have a great apartment here, with a private pool, like a penthouse, in a resort condominium, in a neighborhood similar to Miami, at first I will not sell, I also work from home in my own company. The mortgage in Europe is very low so I'm thinking of buying a property in Italy and keeping both.
Are there any visa requirements if a foreigner decides to buy one of these 1euro homes and needs to deal with all of the legal work? Buying a home is never that simple 🤷🏻♀️
Ask the mafia
You don't need to have a special visa to buy property there. You can just buy and use the property on a holiday visa if you want.
My understanding is if you are thinking of Italy for the beaches then think again. The only beaches of note are in Puglia the rest are nothing to write home about. If beaches are your thing then go to Sardinia their beaches are spectacular otherwise Greece or Spain.
If you like cliff tops with sunset views then it's Amalfi and Liguria.
May I ask, when you find a property in Italy that you wanted to buy, how do you pay for it if you are a foreigner. What a acceptable form of payments. Is it cash only? Can I pay with my credit card or personal check to pay for notary public, delinquent taxes, etc? This is in relation to the 1 euro homes. Thanks.
Bank transfer with iban and swift number. It is italy, they are modern.
What are the websites one can check to see list of available houses
Dear Valeria, what town are you in in this video?
What is the weather like in Italy does it snow over there because I don't like snow or very cold weather I live in United States in Texas and it get really hot out here you cannot live without AC cold air or you will die the heat is unbearable but I also don't like cold weather especially snow.
It snows in the northern part of Italy. But from Rome on south and Sardinia and Sicily there shouldn’t be any snow.
What about residence permit pls ? No one talks about it. If we are digital nomads who want to buy this 1€ home and move to italy .what kind of residence permit they give ?
Renovation will cost 5-600 Euros per square meter. Double that for extensive renovations.
These costs assume that there aren't major undetected problems and that you'll find a competent and honest contractor (which in some areas is next to impossible).
If you need to go to an Italian court of "justice", you'll never see your money again. EVER!
I'm moving to Umbria.
Is it easy to become an Italian citizen ( to get official citizenship) if you renovate one of these houses to live in ?
Nope.
Please provide the link for digital nomads being paid to reside in Italy. Thank you.
Where is the link for the digital nomad free rent?
Thankyou
So what is the cost of an average house in Italy then? In Australia the average price is 700k.
Great explaination. Realy good. Its still a great idea to buy a 1 Euro house. Also when you pay more then a Euro, its still a great price. So you have a nice house when you get retierd. Why not enjoy the pension in Italy. Or when you are a Digital Nommad you have a home base. Off course for European people its very easy to move to Italy.European people has free movement for persons around the EU and Schengen Countries. For another persons, needs a little bit more papers. But you have a house. so its easier to get a visa for permament stay.
the problem is the resale value. In that light it's not a great financial return and there is probably some restriction on how long you live there till you can sell
@@edwardmacnab354 when you make this for investment, you can rent the house. And when you get retierd, you move in your house in italy. People how buy this houses, wanna keep the houses not to resale. I know some people they bought 1 Euro houses. they came never of the idea to thinking to resale the houses. They say all the same its so beautieful there. Nice people, exelent food and the lifestyle. I dont use the car for shop grocery, i can walk. Its normal when you live in cities or town, that you are walking or the take the public transportation for shopping groocry. The people goes two or three times a week to the grocery store, to buy fresh vegtiable or fresh bread or some cities has on the weekend a farmer market.
So what happens if you don't renovate it within 3 years ?
You'll lose your down payment which can be up to and over EUR10,000, depending on the work required, as a security that you will start renovation within the set time frame by the rules of the council or a property development bureau. Btw, you will get this security payment back once you've started your repair work.
I lived in a village beneath the Stars so i don't give a fu*k about the location but it's good to enjoy alone in vacations
What is a difference between postgraduate and undergraduate and at what age csn you do them
Undergraduate is basically Bachelors, while postgraduate is Masters :)
@@DramaticallyExpatic oh right thank you so much ❤️
It is the municipality that is selling the houses and does the administrative part. And the 5000 Eur is only a deposit that you get back after the renovation that must be within 3 years. Otherwise, if you have exact info on these administrative costs, give details.
One euro how much total will be
Thanks for sharing. I believe no water crisis in villages offer 1 euro house ?
Where is this
Northern or southern Italy?
Is this true
Do you really have to renovate? Maybe I like it derelict, can't I opt to live there as it is? I saw one video about this initiative and one house there was totally OK, with just the toilet needed some work.
I think you would make a plan of all necessary work and submit that
When you buy something rundown and vacant for years, the last thing you need is for some tyrants telling you what to do with a timeline. Better off buying house from private party.
what's the downside ?
I think anyone who has bought a house anywhere (mostly at an auction) knows you have to pay legal and agency fees. Any good investment has a risk.
Thank you!😳🤦
Well, where I live, an hour outside of Toronto Ontario Canada, even rundown rat infested shacks sell for half a million Canadian dollars. If it has any amount of land, more than an acre, it will be over a million. House is worth nothing, the real estate is what has value, people will tear down the shack and build a new house. A farm, say 100 acres is several million with or without buildings.
How do we buy them ??
Don't buy them, is a scam. Better buy in Hungary,more cheaper,no scam,no all cain strict law like in Italy, Italy is a scam !
I also want to buy and renovate one of these houses. I also would like to know how I can buy one.
One thing that isnt mentioned is that these homes are very old and not retrofitted, they come crashing down in earthquakes.
That's not all true I live in Italy and yest it needs renovation but most of the homes are not dilapidated to that extreme.
I'm interested in purchasing property
Spero che queste case siano comprate da bravi e belle persone come te, magari da ucraini che hanno perso la loro casa a causa della guerra!
Un abbraccio forte a te, cara Valeria e che la vita ti dia tutte le soddisfazioni che ti meriti!
😘
❤️❤️
Beh, anche da russi che vogliono vivere in posti molto meno freddi, non bisogna aiutare la propaganda occidentale...
@@transforgoku i Russi che scappano dalla dittatura sono ugualmente ben accetti.
@@Andreabont Scappano della "dittatura" di putin per poi trovarsi nella dittatura dei "migliori" e il loro talebanismo sanitario, che bello...
@@transforgoku 🤣
All the legal fees etc at most come to $5,500… as opposed to American legal fees of $200,000 (if not more)
$5,000 is kinda high compared to Canada . I've never seen higher than $1,000 unless we're talking about real estate agent fees
Even if its €180k it would still be a great investment for the future
For that kind of money I could buy a brand new house in CR....
But you have to use their tradesmen hands washing hands😂😂😂
Hii I’m going to nice home send me to ligni to bay my house ok
No, lol.
You couldn’t speak any faster😁
Nice pace))))
Italians speak very fast. That’s the way they speak.
Sky high taxes, crime,Italy as a visit yes not to live ! And where will you find the workers?
Taxes and crime are an issue EVERYWHERE though. Not just Italy, lol.
Still cheaper than Australia..
There ain't no such thing as a free lunch
👍❤❤❤
Why speak8ng so fast many times?
Even for free dont move to that shit
It sounds like you're being very negative these are all normal things that anybody would face in any country when they're buying a repossessed why do you make it seem like it's such a difficult thing it sounds like you're speaking for your are you going to just try to steal all my money if I buy something that's what it makes it sound like Italians
This video is very negative on the Italian community
And the Italian will rip you off big time!
those houses are very old even a light earthquake it will collapse.. and its made only of bricks without any steel support..
Dan you are so right! Im italian american curently living in Miami but I have traveled all of Italy including Sicily. Foreigners that buy in Italy really should study the areas of that country that have history of seismic activity. Like Sicily for example has seismic activity(Mt etna near Taormina) or Abruzzo region has seismic history. Those old houses were NOT built to handle even light tremors generally speaking and some of those houses /buildings have collapsed like sand castles/ BUYER BEWARE!..do your due diligence people !!!!
U r like soniya gandhi