SHARE
COPY LINK
For members

PROPERTY

PROPERTY: How Italy’s cheap homes frenzy is changing rural villages

Foreign buyers are reviving abandoned Italian towns by snapping up one-euro homes, but do some areas now risk losing their charm as they become ever more international? Silvia Marchetti explains.

PROPERTY: How Italy's cheap homes frenzy is changing rural villages
The town of Gangi, Sicily, was among the first in Italy to start selling houses in the historical centre for one euro to combat depopulation. Photo by TIZIANA FABI / AFP

As towns across Italy are putting up for sale old houses, often triggering property stampedes, those rushing to buy them are mainly foreigners.

Lured by the Italian idyll of great food, peacefulness, and the sense of authenticity that only rural spots still preserve, people in search of a second home don’t often realize immediately that what they want is exactly what other foreigners crave as well. 

READ ALSO: Why Italians aren’t snatching up their country’s one-euro homes

If everybody is chasing after the same dream there’s a risk, in the long term, that it all shatters. What were once quiet places could turn out to be pretty crowded.

Speaking to second-home foreign owners in the towns known for selling off cheap properties, I discovered some are now worried that they could end up bumping into too many other foreigners.

After previously being the only outsiders rubbing shoulders with locals, they say such a scenario would destroy the Italian ‘village experience’ for them.

American Frank Cohen recently purchased several cheap dwellings in the historical center of Latronico, a picturesque and previously unknown village in the southern region of Basilicata, which has seen an influx of American and European buyers. 

“The last thing I want is to hang out with Americans, or that my next door neighbor speaks English,” Cohen says.

“I want to live among locals, go to the barber to take the pulse of everyday life and gossip, talk to the elders, dine with villagers out on the streets during the summer as is customary here,” he saya. “I want to live like a local.”

Cohen, who owns two adjoining properties on the same street, one with “three balconies and a panoramic terrace”, says he found out about Latronico’s bargain property offers “in the press”.

Alongside Latronico, the villages of Biccari in Puglia, Troina in Sicily, Zungoli in Campania and Ollolai in Sardinia have also recently launched successful housing schemes luring many foreign families, who have renovated properties to use as holiday homes and B&Bs. 

READ ALSO: What taxes do you need to pay if you own a second home in Italy?

In Sambuca, Sicily, local authorities started selling cheap homes in 2019. German resident Susan Henson, who had already bought a home there years before, expressed concern that the village might no longer be a “hidden, secret retreat for few foreigners”.

“My house, which was in a good state when I bought it, is tucked away in the ancient Saracen district with a great view of the green rolling hills,” says Henson, a professional from Düsseldorf who discovered Sambuca during one of her many trips to Sicily. 

The Val D’Orcia region in Tuscany is understandably popular with foreign property hunters. Photo by FILIPPO MONTEFORTE / AFP

While small villages may still be far from being contaminated by globalization, in the long run they do face the risk of going from being niche unknown spots to ‘mass destinations’. This process has already tainted the authenticity of other, larger towns, where the sense of indigenous community has been somewhat hollowed out. 

Cianciana and Gangi in Sicily have huge expat clusters, and English has almost become the second language which can be heard while walking in the streets, alongside Sicilian. 

Local real estate agencies cater almost exclusively to foreigners and have hired multilingual staff. A restaurant in Cianciana even serves all sorts of hamburgers and kebabs. 

OPINION: Bargain homes and fewer crowds – but Italy’s deep south is not for everyone

Tuscany’s Val D’Orcia is another area which has had a massive influx of Americans and English who have bought farms, crumbling medieval towers and taverns at good prices, while the restyled Tuscan village of Castelfalfi is literally in the hands of foreigners.

But on the other hand, there are several examples of how foreigners have breathed new life into dying, depopulated places by buying and restyling dilapidated homes Italians have long abandoned. 

Near-abandoned hamlets in the Comino Valley in Lazio have been revived by Scottish families who have returned to the land of their ancestors. Their grandparents were natives who decided to migrate after the second world war in search of a brighter future elsewhere, leaving behind empty homes. Now, their grandchildren are coming back to open hotels and organic farms and revive ancient vineyards. They’re revamping the local economy. 

The first time I visited this pristine area it was funny hearing people say ‘hello’ to shepherds with a strong Scottish accent, and seeing red-headed, tall couples – certainly not the Mediterranean type – walk their dogs in the evening. 

Cesidio di Ciacca from Edinburgh restyled his family’s hamlet and opened a luxury resort in the village of Picinisco. He always felt a strong pull towards his roots: “My nonni came from here, as a kid I often visited but then, while growing up, I realized I wanted more. I wanted to reconnect with my origins and do something positive for the village”, he says.

READ ALSO: How Italy’s building bonuses are delaying the restyle of one-euro homes

Other spots which have been rescued by foreigners include Airole in Liguria, where there are numerous French and Dutch families, and Santa Giuliana di Umbertide in Umbria, brought back from the grave by Swiss people. 

It is tough to strike a balance between preserving authenticity and losing it, particularly given the appeal of Italy’s cheap homes. No mayor would, nor could, ever put a discriminatory cap on the number of houses sold to foreigners – which would be preposterous anyway.

Cultural hybridization is wonderful and since millennia Italy has been the Mediterranean’s melting pot of different civilizations.

I believe it all comes down to how villagers react to foreign ‘penetration’. It’s up to people living in these villages to cling onto their traditions and avoid turning too global themselves – for example by starting to serve foreign foods or following non-indigenous fads – no matter how many foreigners move in to the area. After all, such authenticity is the winning asset of these places.

Member comments

  1. If Italians never serve foreign foods, there would be no pasta, tomatoes or tomato sauce, chilis, chocolate, or even risotto Milanese. This totally misses the point. Italy since the days it was the seat of the Roman Empire has happily been a melting pot of everything from food, to culture, to religion. What can’t be lost is bringing Italian sensibilities and style to new things introduced here. A hamburger interpreted with an aoli and provolone is not more “un-Italian” than Veal Milanese. If you don’t believe me, go to Milan and call it a Schnitzel.

Log in here to leave a comment.
Become a Member to leave a comment.
For members

PROPERTY

Can you still buy Italy’s one-euro homes in 2024?

A lot has changed since Italy's 'one-euro' home offers first made international headlines, so are they still available - or worth considering?

Can you still buy Italy’s one-euro homes in 2024?

The prospect of buying a house in Italy for less than the price of a caffè normale at the local bar caused a sensation back in 2019, when news of one-euro home schemes hit the international headlines.

There was a property stampede in Sicilian towns in particular, with local mayors reporting being overwhelmed with enquiries in English and other languages.

MAP: Where in Italy can you buy homes for one euro?

Even sceptics couldn’t contain their curiosity: Was it a joke? What condition were these houses in? And how much was this really going to cost?

Several years later, we know that these schemes are legitimate attempts to breathe new life into depopulated areas and unburden local authorities of old, unwanted properties that would otherwise be left to fall apart. And in some cases, at least, it has worked – and proved very lucrative for the towns involved.

We know most of these houses are in a very poor state of repair, requiring major investments from their new owners. And we know the costs can be high, with reports of some international buyers spending hundreds of thousands of euros on renovations – many times more than the property’s potential market value.

READ ALSO: Six things to know about Italy’s one-euro homes

But we’ve also heard from some readers who tell us that, while these homes do of course cost more than one euro, for a sensible buyer they can be a worthwhile investment.

Not only are Italy’s one-euro home offers still going strong in 2024, but new towns are joining the scheme, while others continue to announce similar ‘cheap home’ projects such as the rental programme in Ollolai, Sardinia aimed at remote workers – one scheme that’s expected to take off following the introduction of Italy’s new digital nomad visa in 2024.

So what do you need to know if you’re curious about these Italian property bargains?

As ever, if you’re interested in buying a one-euro home you’ll need to meet certain requirements which vary depending on the local authority. After all, this is not a nationwide scheme but a series of small initiatives run by local councils in each town or village, so you’ll need to carefully check the terms and conditions of every offer you consider.

Generally though, the following will apply:

  • Foreign nationals can buy one-euro houses, whether they’re EU or non-EU citizens – but remember owning one will not give you any residency rights in Italy, and visa rules will still apply to non-EU nationals.
  • The prospective buyer can’t just make vague promises about doing the place up: you’ll need to present a renovation plan within 2, 3 or 6 months depending on the village.
  • Buying a one-euro home to turn into a tourist rental business is generally allowed, but you’ll need to let the local authority know your plans when you apply.
  • The cost of the house, all renovation costs, and all notary, legal, transfer and other fees are the responsibility of the buyer.

Some things have however changed in the past few years which make buying and renovating a one-euro home less affordable than it once was.

Many buyers in recent years were further tempted by generous state subsidies available to cover the cost of renovation work – most famously the ‘superbonus 110’ which covered up to 110 per cent of qualifying expenditures.

READ ALSO: What taxes do you need to pay if you own a second home in Italy?

Though the superbonus is now winding down and is no longer open to new applications, it has had a knock-on effect which means renovations in Italy generally take longer and cost more than they used to.

The superbonus scheme’s enormous popularity led to an ongoing shortage of building contractors in Italy, who were booked up months, or even years, in advance.

And as the popularity of these offers has exploded, the most viable properties in some areas now often become the subject of a bidding war, with the sale price rising from one euro to tens of thousands.

Find a map of the towns currently offering one-euro homes in Italy here.

Have you bought a property through a one-euro home scheme in Italy? We’d love to hear from you. Please get in touch by email or in the comments section below to let us know about your experience.

SHOW COMMENTS