British dream: One euro house in Italy as lucrative holiday accommodation!

British dream: One euro house in Italy as lucrative holiday accommodation!

The idea of ​​one-euro houses in Italy has gained popularity in recent years. This initiative, launched in 2017, aims to revitalize underdeveloped areas by offering affordable real estate options. Particularly noteworthy is the city of Mussomeli in Sicily, where this process is taking effect to revitalize the region. The Brit George Laing purchased such a one-euro house here in December 2022. He previously lived in London and paid over 30% of his salary for rent.

The one-euro house that Laing purchased was in relatively good condition, which significantly reduced renovation costs. He invested less than 11,700 euros in the renovation and additional costs, such as administration, brokers and energy certificates, amounted to around 5,000 euros. Laing is currently renting out the renovated house as holiday accommodation and has already attracted around 600 interested parties. His goal is to buy several one-euro houses in Mussomeli and build a community of foreign and local investors.

Quality of life in Mussomeli

Mussomeli, a town of about 11,000 inhabitants, is located in the heart of Sicily, in a hilly area east of the Platani River. At 765 meters above sea level, the city offers impressive views over the region. It is 53 km from Agrigento and 58 km from Caltanissetta, while Catania Airport is 150 km away.

The climate in Mussomeli is continental, meaning the city experiences cold, dry winters and warm, windy summers. Winter maximum temperatures range between 7 and 11 °C, while summer temperatures vary between 26 and 32 °C and can occasionally rise above 35 °C. Precipitation is concentrated mainly in the months of January to April and October and December, while practically no rain falls in summer.

Security and future prospects

Mussomeli is considered one of the safest cities in Italy as it has not recorded any robberies in years. This is largely thanks to a sophisticated video surveillance system and the presence of numerous police forces. This security is another plus point that makes life in this picturesque city attractive.

Laing's experience of purchasing and renovating his one-euro home shows that the initiative not only attracts investors but also helps to strengthen the local economy. More information about one euro properties in Italy can be found on websites such as case1euro.it available that provide comprehensive data and contacts.