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PROPERTY

‘We bought and renovated a one-euro home in Italy – then had to give it back’

Italy’s cheap home offers may sound too good to be true, and sometimes they are, as one Dutch couple told reporter Silvia Marchetti.

‘We bought and renovated a one-euro home in Italy - then had to give it back’
The Jansens bought the cottage in the countryside near Enna, which they described as a "rural idyll" (Photo: Maria and Peter Jansen)

The one-euro home schemes run by many Italian towns are well known and attract buyers from around the globe. While most sales run smoothly, one foreign couple told us how they went through a nightmare. 

Three years ago, Dutch retirees Maria and Peter Jansen, in their 70s, snapped up a rural farm in Sicily which had been listed for the symbolic price of €1, only to find out two years later, once they had spent money to renovate it, that it still had an owner who turned up last-minute to claim it back. 

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

The couple was forced to give up the house, losing money. They returned to Amsterdam, where they still owned a family apartment.

The farm was located in the countryside of Enna, and the agency that had placed the ad online had assured the couple it had long been abandoned by emigrés who had fled to Canada in the early 1900s in search of a brighter future, leaving no heirs behind.

After viewing online photos of the property, the Jansens flew over to see it, made an offer of €10,000, completed the sale and then spent some €80,000 to renovate it.

“There was a lot of work to do,” says Maria. “We had to nearly rebuild all three floors, redo the four bedrooms, add two bathrooms and repaint the whole 200 square-metre cottage. 

READ ALSO: ‘Italy’s one-euro homes cost a lot more than one euro – but can be worth it’

“It was a shock when the heir turned up out of the blue just a week after the renovation had finished.”

Usually, homes listed at the symbolic price of €1 are sold by the local council in depopulating towns, and potential buyers must make an offer, usually of a few thousand euros.

Occasionally however local agencies may put abandoned properties up for sale too, which have long been without a known owner.

“We were living in our rural idyll, amid sheep and pristine views. We had settled in, made new friends and even started an orchard. But then one sunny Sunday morning a lady in her 50s knocked at our door, bearing bad news”, says Peter.

Photo: Maria and Peter Jansen

She told them she was the last remaining descendant of the emigrant family, and had immediately jumped on a plane when a friend in Enna, who had heard about the sale, told her the Jansens were now living at her nonna’s farm. 

The lady, who lives in Toronto, showed the Jansens the ownership deed which proved the cottage was hers.

The property is located in a wood in the middle of nowhere and on the boundary between two small towns, and neither had a copy of the deed in their archives, the couples later discovered after digging into the “surreal story”, as they describe it.

“She told us she had sued the agency for not notifying her of the potential sale of the cottage, for she claimed everyone in the area knew about her existence, even if she lived overseas, and some locals even had her Toronto contact details”, says Maria.

READ ALSO: How to avoid hidden traps when buying an old property in Italy

When the couple spoke to the agency, they said they had sent a notification letter to the last-known Toronto address of the emigrant family years before placing the online ad, but it bounced back, so thought they were in the clear to place the house on the market as it had been completely abandoned. It was also at risk of collapsing. 

The woman who came forward was the sole heir of the family who had migrated to Canada in the 1930s, and so claimed back the cottage to reconnect with her Sicilian roots. 

Even though she seldom visited from Canada, once she heard about the sale of her family cottage she felt determined to get back what was hers and which had wrongly been sold without permission. 

The Jansen were desperate: their dream was shattered and they expected to lose all the money they had invested in the cottage. 

Luckily for them, the Italian-Canadian heiress proved very compliant and agreed to pay 80 percent of the renovation costs, plus she bought all the furniture the Jansens had already put inside. 

“Looking back now we can say we were ‘fortunati nella sfortuna’ as Italians say (lucky in our mishap). 

“The lady understood that we did not illegally take her home and we thought all was fine paper-wise, that we had had total trust in the agency. So in the end we lost, yes, quite a bit of money, but it could have been worse”, says Peter. 

The agency who had sold them the cottage apologised, saying it had tried to track down any heirs before placing it on the market, but that similar searches don’t bear immediate results and may come with nasty last-minute surprises. 

The Jansens, overwhelmed by the inconveniences they had faced, did not sue the agency for the €10.000 sale, knowing that Italian justice is sluggish and costly to pursue. 

“A trial would have started a years-long drama without any certainty of payback,” says Maria.

“While we may not have been able to recover our lost money for the purchase, surely we would have spent nearly as much, if not more, on lawyers.”

Member comments

  1. I find this hard to believe. Property sales in Italy must be done by a notary, which is a lucrative profession. Even if the real estate agency was incompetent, and even if the Dutch couple was naive, no Italian notary would risk his livelihood by approving a transaction based on falsified documents. Surely the notary would have arranged for specialists to check the cadastral documents prior to drawing up the contract of sale.

  2. From my experience buying 2 properties in Italy, a notiaio plays a key role in researching the ownership history to ensure that a property is free from encumbrances. Anyone thinking of buying a property should engage a notiaio, recommended preferably by a friend or other expat.Another lesson here is don’t believe everything that the real estate company tells you as they obviously have a vested interest in making the sale and might just say anything to get a potential buyer to jump.

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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.

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