Buy a House in Italy for 1 euro

Jul 31, 2014 1388

Small towns that have seen a dramatic decrease in population year after year, hope to reverse the trend this way. In some cases the properties have been inherited by heirs who live somewhere else and not only have no use nor interest but also do not want or cannot pay money in taxes.

The municipality act as "middleman" checking the seriousness of both the buyer and seller and settings the provisions for the closing. In same cases is not just 1 euro, but still a symbolic amount.

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Source: http://www.italianheritagemagazine.com

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