Own a House in Italy for Just INR 90

April 27, 2021 – Yes, This is true. A Jackpot, If you ever dreamt of a house in Italy. Now you can own one as Italian commune Castiglione di Sicilia is selling them for €1 (INR 90).

Castiglione di Sicilia is located on the slopes of Mount Etna. One of the most beautiful City of Catania in Sicily, This place is is very close to amazing beaches of Sicily. The town is selling around 900 empty houses. Most of the houses are located in the oldest part of the town and nearly half of them are ruined and are being offered at a symbolic price of €1 (INR 90), Those in better condition will be available at a starting price of just €4,000- €5,000.

Mayor Antonino Camarda want to make this village alive and want to save this architectural heritage getting packed with history, as in 1900’s The population of this village was somewhere around 14,000 & today its not even 3000.

If you want to buy one house then you have to complete renovation work within a time frame of three years. Mostly in other such schemes, you have to make a deposit payment so as to guarantee to do work but unlike others, there is no deposit required. All you have to do is to buy an insurance policy from a bank, worth €4,000. Which will cost you not more than €100 per year, looks catchy? That’s not all, You can also take advantage of the “super bonus” scheme offered by the Italian government, which dishes out tax credits of 110% for renovations which make houses more environmentally friendly.