National Post

Small price for a big deal

- NICK SQUIRES

For anyone yearning for a new start once the pandemic is over, it could prove hard to resist.

A picturesqu­e hilltop town in Sicily is preparing to offer 15 historic houses for sale, each for just one euro.

Sambuca di Sicilia has been buoyed by the success of the first phase of the initiative, in which 17 properties owned by the council were snapped up by people from around the world. The town was overwhelme­d with internatio­nal interest when the first phase of the project was announced, when it put up for sale 17 houses, all of them requiring a substantia­l investment to make them habitable again.

“It was crazy. We had 110,000 calls and emails from around the world. People contacted us from mexico, canada, the u.k., russia, South Africa, Japan, everywhere,” said Giuseppe cacioppo, the town’s deputy mayor.

The one-euro scheme has had a powerful effect on the rest of the property market in Sambuca, which like many rural communitie­s in Italy has seen its population dwindle as a result of emigration.

Outsiders unable to buy a house for one euro ended up buying more than 80 properties in the town from private sellers.

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