The true cost behind Italy's $1 homes
The true cost behind Italy's $1 homes
Aug 4, 2020
BUSINESS INSIDERAbby Narishkin, Steve Cameron
As of right now, you can buy a house on southern Italy's beautiful island of Sicily for less than the cost of an espresso. Sambuca, a hilltop town with views over the Mediterranean island and nearby beaches, has placed dozens of dwellings on the market for €1, or just over a dollar. https://cnn.it/2FKF8th | CNN International
1:08
As of right now, you can buy a house on southern Italy's beautiful island of Sicily for less than the cost of an espresso. Sambuca, a hilltop town with views over the Mediterranean island and nearby beaches, has placed dozens of dwellings on the market for €1, or just over a dollar. https://cnn.it/2FKF8th | CNN International
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Meredith Tabbone, a financial advisor from Chicago, purchased an abandoned $1 home in Sambuca di Sicilia, Italy in 2019. She also bought the home next door, and it cost her about $446,000 to renovate them into her Italian dream home. Unlocked from CNBC Make It takes an inside look at how much people spend on housing, what they get for their money and what they’ve had to sacrifice to turn their real estate dreams into reality. New episodes premiering Sundays at 4P ET on CNBC. | CNBC Make It
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