🏠 British house buyers are joining the flood of foreigners racing to purchase properties in an Italian village Sambuca di Sicilia started auctioning old abandoned properties for a starting price of one euro, and has seen a renaissance
The cheap homes bonanza has generated €8m for the local economy, while renovations have brought in €10m, according to estimates by the mayor’s office, with more restyles in the works.
Several expats who have bought crumbling buildings have ended up spending more than €300,000 after giving them luxury makeovers and even installing lifts. The property rush has also benefitted other villagers who have launched new businesses, helping to breathe new life into the sleepy old district. Several expats who have bought crumbling buildings have given them luxury makeovers and even installed lifts
Belgique Dernières Nouvelles, Belgique Actualités
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