Have you ever dreamt of owning a home in Europe? Maybe something by the sea, out of the way and definitely far away from the daily grind? In recent years, this dream started to become a reality in some parts of Europe. Most recently, Italy, France, and Ireland. And yes, there is a catch, but even so it might be worth your while.
These houses are usually in a state of severe dilapidation and often sold for little more than the paper the contract is written on. This is done in order to repopulate communities and fix up deteriorating buildings.
A recent example of this is Case 1 Euro in Sicily. This is an opportunity of a lifetime, so why not throw in an application? There will be legal concerns and you will have a deadline for repairs, so keep this kind of time and money in mind. If you are lucky enough to purchase one of these houses, you will be required to fix the house up within a three-year period. In this instance, keep in mind the local infrastructure and the fact this renovation can cost you up to $50,000. However, when all is said and done, this is not a lot to pay for the home of your dreams in the Mediterranean!
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