Housing costs begin at DKK 35

by time news
Sambuca di Sicilia in 2019. Picture: Alberto Lo Bianco / IPA / Pa Images / NTB

A cup of espresso or a vacation dwelling in Italy? The beginning worth for a home in an Italian village is round NOK 35.

  • Photo by Emma Fondenes Øvrebø

Tuesday 11 June at 02:19

After a fantastic demand for earlier home gross sales in 2019 and 2021, a number of homes in Sambuca di Sicilia at the moment are being put available on the market – with a beginning worth of three euros, which is equal to about NOK 35.

– Foreigners flock to purchase our homes, it’s actually caught on, the mayor Giuseppe Cacioppo says that CNN.

On Monday night, the thermometer exhibits 25 levels in Sambuca di Sicilia, which has about 5,800 inhabitants.

Sambuca di Sicilia in 2019. Picture: Alberto Lo Bianco / IPA / Pa Images / NTB

– Vacationers and patrons who’re presently touring to Italy, and those that are planning a visit within the spring and summer season, can come and take a look, says the mayor.

He says the properties are “as structurally steady as these beforehand bought”, however require a brand new design. We’re speaking about twelve homes, with a dimension of fifty to 80 sq. meters unfold over one or three flooring. Many have authentic balconies and doorways painted inexperienced.

Mayor Leo Ciaccio introduced the sale of the market in 2019. Picture: Alberto Lo Bianco / IPA / Pa Images / NTB

Sambuca di Sicilia acquired quite a lot of consideration when CNN introduced that they’d be promoting 16 homes for one euro in 2019. Two years later they have been promoting homes for 2 euros.

The gross sales attracted patrons from everywhere in the world. The mayor says that the transfer contributed to the local people receiving 20 million euros, nearly NOK 230,000,000.

It consists of turnover from new retailer openings, contracts with architects and builders and new lodging.

That is the way it works

The village of Patrica, positioned south of Rome, has tried to launch related schemes however has struggled to search out the earlier homeowners to promote the empty homes.

In Sambuca di Sicilia, the native authorities are the homeowners of the homes, which is cited as the primary motive why the transfer labored.

The homes are bought to the best bidder. The successful bid might be positioned in a sealed envelope and opened earlier than a choose after the applying deadline.

In earlier gross sales, the homes have ended up being bought for between one and 25,000 euros, the place most have gone for between 5,000 and 10,000 euros, writes CNN.

Those that take part within the public sale should pay a deposit assure of 5,000 euros, roughly NOK 57,000. Should you lose the provide, you get your a refund.

The client should full the renovation work on the house inside three years or danger shedding the deposit assure.

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