Houses at the symbolic price of one euro in Italy: what is this business about?

The dream of their own home would be very close to being fulfilled for thousands of families if they settled in Italy, since in that country the houses are valued at the symbolic price of one euro. But the question that surely everyone is asking is: What is the catch in this business?

The real reason is that people who acquire property must spend too much money to become the “true owners”.

According to the Metro newspaper, a woman from California, United States, decided to invest her life savings in the region of Sicily, Italy, but her testimony given in May of this year about this business was made public again in the media. communication.

Rubia Daniels is a businesswoman who came to the Italian town in 2019 and bought three houses for one euro: two for her children and one for herself.

The advertising used by these housing programs focused on “Revitalize cities and towns with little population”; However, when buying a house there was an obligation to invest in the place to be used as a space to live and not as an investment.

To start with, the woman had to shell out $ 4,000 for each of the properties she acquired in Mussomeli, a town in Sicily. In addition, he had to commit to renovating the buildings in a maximum period of three years.

On Italy, the cost of remodeling can be worth between 120 and 900 dollars per square meter and the perimeter of the buildings range from 11 and 190 square meters.

Till the date, Rubia Daniels He has been investing $ 12,000 in the first home and -after making a budget, he will have to spend at least another 20,000 for each of the properties he bought to make them habitable, according to the British newspaper.

“If they sell you a house for one euro, it is because you have to fix it”said the woman, adding that it is difficult to calculate the total cost that will have to be invested to finish the parts of the three houses.

Despite everything, the businesswoman confessed to being in love with the place and happy with the type of neighbors she has, since they are “Very welcoming”. “They really make it easier for people to come and pursue their dreams. Mussomeli it is becoming a multicultural place with people from all over the world “.

Daniels recommended to his family, friends and strangers, to investigate in depth about the purchase process before choosing the property. “If you find the location you want, let them know that you want to register at that house. There are people who are looking for these houses and you have to be prepared, so make sure you have options “.