Many companies featured on Money advertise with us. Opinions are our own, but compensation and
in-depth research determine where and how companies may appear. Learn more about how we make money.

Advertiser Disclosure

The purpose of this disclosure is to explain how we make money without charging you for our content.

Our mission is to help people at any stage of life make smart financial decisions through research, reporting, reviews, recommendations, and tools.

Earning your trust is essential to our success, and we believe transparency is critical to creating that trust. To that end, you should know that many or all of the companies featured here are partners who advertise with us.

Our content is free because our partners pay us a referral fee if you click on links or call any of the phone numbers on our site. If you choose to interact with the content on our site, we will likely receive compensation. If you don't, we will not be compensated. Ultimately the choice is yours.

Opinions are our own and our editors and staff writers are instructed to maintain editorial integrity, but compensation along with in-depth research will determine where, how, and in what order they appear on the page.

To find out more about our editorial process and how we make money, click here.

By Shaina Mishkin
May 9, 2019
Historic centre of Mussomeli, Sicily, Italy
Historic centre of Mussomeli, Sicily, Italy
imageBROKER—Alamy

A rustic Italian town is selling houses for one euro — as long as you fix it up.

Mussomeli, a hilly village near the center of Sicily, is one of the latest Italian locales to offer fixer-upper homes at apparently bargain basement prices, News.com.au reports. The city-run program, called Case 1 Euro, began in April and currently lists 138 Mussomeli homes being sold for €1, or the equivalent of $1.12 USD.

The promise of hyper-affordable real estate might sound tempting, but scoring a $1.12 home isn’t quite as easy as adding it to your digital shopping cart. Homeowners must renovate the home in three years or lose a €5,000, or $5,595 USD, deposit, according to the website. Additional transaction-related fees, which range from administrative fees to taxes, can run a homeowner up to about $4,500 USD, the program says. And that’s not even counting the plane ticket — potential buyers must visit the home for an inspection before offering, according to the website — and the homes’ renovation costs.

Mussomeli is not the only Italian town to offer houses on the cheap. Both Sambuca di Sicilia and the Sardinia town of Ollolai have employed similar programs. Those looking for their Italian dream house — or just interested in learning more about the program — can visit case1euro.it.

Advertiser Disclosure

The purpose of this disclosure is to explain how we make money without charging you for our content.

Our mission is to help people at any stage of life make smart financial decisions through research, reporting, reviews, recommendations, and tools.

Earning your trust is essential to our success, and we believe transparency is critical to creating that trust. To that end, you should know that many or all of the companies featured here are partners who advertise with us.

Our content is free because our partners pay us a referral fee if you click on links or call any of the phone numbers on our site. If you choose to interact with the content on our site, we will likely receive compensation. If you don't, we will not be compensated. Ultimately the choice is yours.

Opinions are our own and our editors and staff writers are instructed to maintain editorial integrity, but compensation along with in-depth research will determine where, how, and in what order they appear on the page.

To find out more about our editorial process and how we make money, click here.

EDIT POST