In the USA there are already too many US$1 homes that are better than HDB flats and NO BODY buying, not just in one city but more and more places.
Now Europe is following.
If you think that is very far way matter for SG you are just wrong. It is not far at all.
Click and watch photo / videos
https://uk.finance.yahoo.com/news/italian-hilltops-homes---on-sale-for-just-€1-102344402.html
Italian hilltop homes - on sale for just 80p
But what's the catch?
Yahoo Finance UK
By Lana Clements | Yahoo Finance UK – Thu, Aug 21, 2014 11:23 BST
Related Content
Vista di Gangi (Sicilia)View Photo
Vista di Gangi (Sicilia)
A second home in the sun is a dream held by many, so the opportunity to snap up a charming Italian abode - for just one euro - will no doubt prick up ears.
And in the pretty village of Gangi, Sicily, this is exactly what's on offer.
However, the homes have been abandoned and are in need of plenty of work before they'll be fit for living. The condition of the sale stipulates that the new owner must renovate the property within three years - and this will typically mean spending thousands of pounds.
Still, it seems to be a good opportunity for anyone with a penchant for DIY and the Mediterranean lifestyle.
It's all part of a plan by the mayor to reverse the declining population and restore the village to its former glory. The area suffered mass emigration after World War II, as residents left to find jobs elsewhere.
The ploy has been well received and has not been short of interested parties, with people from Britain, Australia and America all looking to secure an idyllic getaway (watch the video at the top to find out more).
The beautiful village of Gangi, Sicily The beautiful village of Gangi, Sicily
But it's not the first time that Italians have found a unique way to breathe life into areas suffering from decline.
Earlier this year an entire village, near the Grand Paradiso national park, was put up for sale on none other than ebay.
Supported by UNCEM (The national union of mountain towns and communities), the sale was an attempt to draw attention to the depopulation of mountain areas in the country and stimulate regeneration.
[ The ultimate fixer-upper: A 17th century Italian mansion ]
[ The cheapest UK towns to buy a house ]
Now Europe is following.
If you think that is very far way matter for SG you are just wrong. It is not far at all.
Click and watch photo / videos
https://uk.finance.yahoo.com/news/italian-hilltops-homes---on-sale-for-just-€1-102344402.html
Italian hilltop homes - on sale for just 80p
But what's the catch?
Yahoo Finance UK
By Lana Clements | Yahoo Finance UK – Thu, Aug 21, 2014 11:23 BST
Related Content
Vista di Gangi (Sicilia)View Photo
Vista di Gangi (Sicilia)
A second home in the sun is a dream held by many, so the opportunity to snap up a charming Italian abode - for just one euro - will no doubt prick up ears.
And in the pretty village of Gangi, Sicily, this is exactly what's on offer.
However, the homes have been abandoned and are in need of plenty of work before they'll be fit for living. The condition of the sale stipulates that the new owner must renovate the property within three years - and this will typically mean spending thousands of pounds.
Still, it seems to be a good opportunity for anyone with a penchant for DIY and the Mediterranean lifestyle.
It's all part of a plan by the mayor to reverse the declining population and restore the village to its former glory. The area suffered mass emigration after World War II, as residents left to find jobs elsewhere.
The ploy has been well received and has not been short of interested parties, with people from Britain, Australia and America all looking to secure an idyllic getaway (watch the video at the top to find out more).
The beautiful village of Gangi, Sicily The beautiful village of Gangi, Sicily
But it's not the first time that Italians have found a unique way to breathe life into areas suffering from decline.
Earlier this year an entire village, near the Grand Paradiso national park, was put up for sale on none other than ebay.
Supported by UNCEM (The national union of mountain towns and communities), the sale was an attempt to draw attention to the depopulation of mountain areas in the country and stimulate regeneration.
[ The ultimate fixer-upper: A 17th century Italian mansion ]
[ The cheapest UK towns to buy a house ]
