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Beautiful Italian Town Of Castiglione di Sicilia Is Selling Hundreds Of Houses For 87p

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Beautiful Italian Town Of Castiglione di Sicilia Is Selling Hundreds Of Houses For 87p

A picturesque and historic town in Italy is selling houses for just one euro - which equates to around 87p!

The Sicilian town of Castiglione di Sicilia is marketing 900 abandoned homes in a bid to transform the stunning area.

Located near Sicily's east coast, the small town is just south of Mount Etna, but is filled with hundreds of abandoned houses, with the population having shrunk from 14,000 in the last century to around 3,000 today.

The Sicilian town of Castiglione di Sicilia is marketing 900 abandoned homes (Credit: Shutterstock)
The Sicilian town of Castiglione di Sicilia is marketing 900 abandoned homes (Credit: Shutterstock)
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Around half of them need some major TLC - and are therefore being sold off for just one euro - meanwhile the rest (around 400) are in a better condition and will be sold for slightly higher prices.

Mayor Antonino Camarda told CNN: "We have a huge architectural heritage to rescue, packed with history. Over time, too many people have left, leaving behind a bunch of old, picturesque houses, many even dating back to the Renaissance.

Around half of them need some major TLC - and are therefore being sold off for just one euro (Credit: Shutterstock)
Around half of them need some major TLC - and are therefore being sold off for just one euro (Credit: Shutterstock)

"We've carried out an in-depth study cataloguing each property based on maps and land registry data. According to their conditions buildings will be sold at different prices, starting from €1".

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If there's more than one buyer interested in a specific property, then an auction will be held.

The scheme first began back in March 2021, and if you fancy snapping one up, all you need to do is get in touch with a plan of the kind of house you would be looking for, and how it would be renovated.

If there's more than one buyer interested in a specific property, then an auction will be held (Credit: Stock/Unsplash)
If there's more than one buyer interested in a specific property, then an auction will be held (Credit: Stock/Unsplash)

"We are moving along two parallel paths: reaching out to old owners who are showing great interest in getting rid of their family homes, and new buyers. We have already received many emails from investors and people across the world. There's a wide choice here," Antonino continued.

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The only catch is buyers must complete renovations within three years but unlike other similar schemes, buyers wouldn't need to pay a deposit as a guarantee.

Instead owners would need to take out an insurance policy of €100 (£87) per year. You can find more information on the very tempting scheme here.

Featured Image Credit: Shutterstock

Topics: Life News, travel

Lucy Devine
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