Weekend Reads: They bought a 1 euro house in Italy — here's what happened next - - PressFrom - Canada
  •   
  •   
  •   

Weekend Reads They bought a 1 euro house in Italy — here's what happened next

18:50  13 november  2019
18:50  13 november  2019 Source:   cnn.com

Dollar buoyed by caution as trade deal optimism wanes

  Dollar buoyed by caution as trade deal optimism wanes Dollar buoyed by caution as trade deal optimism wanesSINGAPORE (Reuters) - The dollar found broad support on Friday as fresh signs of a global economic slowdown and little visible progress toward a Sino-U.S. trade truce put investors in a risk-averse mood.

You can buy a house in Italy right now for 1 euro . A list of the towns currently participating in this initiative can be found here . The applications and all of the info are, of course, in Italian , but you can do some preliminary browsing by googling some of the areas taking part, like Patrica near Rome, Lecce

I Tried to Buy a $ 1 House in Italy : Here ’ s What Happened . If you do snag a house for $ 1 and you get your 5,000 euro deposit back, there’s still more money to spend. In the end, I decided to pass on the $ 1 house in Italy . I knew these houses required renovations, but to purchase a home sight

a car parked in front of a stone building: Patrick Janssen opted to buy a more expensive home that needed less work.© Courtesy Patrick Janssen Patrick Janssen opted to buy a more expensive home that needed less work.

It seemed like a deal too good to be true. A new house -- and potentially a whole new life -- for sale in sunkissed rural Italy for the princely sum of just one euro, or little over a dollar.

Over the past year or so, numerous small towns from Sicily in the south to the northern Alps have been offering such bargains in the hope of attracting new residents to revitalize dying communities.

The deals have made headlines on CNN and beyond, captivating millions of people hooked on the romantic notion of abandoning the metropolitan rat race for a simpler life.

Teresa Giudice Gives Advice to Lori Loughlin as She Faces Prison in College Admissions Scandal (Exclusive)

  Teresa Giudice Gives Advice to Lori Loughlin as She Faces Prison in College Admissions Scandal (Exclusive) ET sat down with the 'Real Housewives of New Jersey' star, where she shared some words of wisdom for Loughlin.The Real Housewives of New Jersey star has had her own legal woes and spent some time behind bars, and believes that the former Full House star -- who was involved in the college admissions scandal -- will be just fine.

Here is the complete list of the 8 towns which are currently selling properties for € 1: – Gangi, Salemi and Regalbuto in Sicily – Nului and Ollolai in I am really interested in buying one house for the price scheme of 1 Euro in Italy . Could you please help me fill the forms on your website as it is in Italian

Here time has stood still so if you are you considering moving to Italy and want to enjoy its slower-paced life, then it could be your ideal Am a Kenyan farmer and school principal, am interested in buying the 1 euro house in Italy . Good for furnished holiday and honeymoon this will be good since

Many of the towns were inundated with inquiries. Phones rang off the hook. Websites creaked under the strain.

But did anyone actually buy? And when they did, what happened next? Did they become ensnared in Italy's notoriously byzantine bureaucracy?

Did they run smack into the language barrier? Did the houses turn out to be money pits? Did la dolce vita quickly sour, leaving buyers feeling ripped off and despondent?

CNN Travel caught up with some of the pioneering buyers -- or "€1 citizens," as the locals call them -- who did what most of us have only been willing to daydream about to discover whether it's been worth it.

Holiday escape

a person wearing glasses and smiling at the camera: Morgane Guihot and her husband have almost completed the renovations on their €1 home in Mussomeli.© Courtesy Morgane Guihot Morgane Guihot and her husband have almost completed the renovations on their €1 home in Mussomeli.

Morgane Guihot, who hails from near the city of Nantes, France, was among the first buyers to snap up the €1 ($1.10) deals being offered in Mussomeli, a beautiful town deep in the heart of Sicily where narrow, ancient streets cluster around a crumbling hilltop citadel.

Week in celebrity photos for Nov. 11-15, 2019

  Week in celebrity photos for Nov. 11-15, 2019 Week in celebrity photos for Nov. 11-15, 2019

As of June 2018, the list of Italian municipalities offering “ 1 euro ” properties included the following municipalities, here listed by region Hi, can you please send me a list of 1 euro houses currently available for sale in Abruzzo, Tuscany or any where else in Italy . I have travelled to Italy many times

Multiple Italian cities have flogged their homes for cheaper than a coffee. But what’ s the reality of owning one ? For months, various towns and villages in Italy have been flogging houses to global citizens on the cheap – often for € 1 (AU$ 1 .60) – in a bid to bring life back to the sleepy regions.

The home she and her husband paid pocket change for is intended as a second family home.

Most of the deals do require purchasers to commit to investing in renovations -- something which Guihot, 27, and her husband, 31, have wasted no time in getting underway.

They've nearly completed restyling their 50-square-meter Mussomeli abode, having painted the walls and fixed the floors.

"We just need to finish the bathroom," she says. "As we're both artisans and renovators we did most of the work ourselves, which was minimal, and it was great seeing our two-room house come to life again.

"The 15 square-meter panoramic terrace is fabulous."

They'll be using the Sicilian abode, along with their two young children, as a holiday house during Christmas and summer breaks.

"When we decided to invest in a second home, we were lured by the attractive bargain prices in Mussomeli when compared to France's expensive estate market," Guihot adds.

Teresa Giudice: I Was 'Overwhelmed With Joy' After Reuniting With Joe

  Teresa Giudice: I Was 'Overwhelmed With Joy' After Reuniting With Joe Teresa Giudice: I Was 'Overwhelmed With Joy' After Reuniting With Joe“It was an amazing, amazing trip,” the Real Housewives of New Jersey star, 47, told host Andy Cohenduring the episode’s filming at BravoCon in New York City on Friday, November 15. “I’m so happy Joe’s free, it was very emotional. I was overwhelmed with joy. I was happy to see my daughters finally united with their dad.

Want to buy a home in Italy for one euro (about )? Up next . Submarine that vanished in WWII discovered. Bargain-rate houses : Two new towns in Italy are offering homes for sale at bargain rates. Sounds good? Well here ' s how you get a slice of the action and maybe some of that cheese.

Buying a house in Italy for a euro definitely sounds too good to be true. The house in question is in Abruzzo and has vaulted brick ceilings, thoroughly modernized interiors, plus balconies overlooking a beautiful village in the Gran Sasso national Here is the house in question, in case you are curious

"But what conquered us the first time we visited was the charm of the place. It's super cute and locals are so welcoming."

While the couple is used to rural living at home near Nantes, the move to Mussomeli has taken them somewhere far quieter.

"Even if it's not such a big change for us what makes it exciting is the great location," Guihot says.

"The town is close to beautiful Sicilian destinations and not isolated as opposed to other villages. Here you've got everything you need, shops, supermarkets.

"You can lead a cool lifestyle. It's simply great".

There were, apparently, no unpleasant surprises.

"Everyone has been real kind and the girls working at the real estate agency followed us every step of the way, helping us with the paperwork and the translation of the deed.

"It went better than expected. And even our home -- we thought it would be in a worse shape.

"Oh, we'd do it over and over again."

While she and her husband are relatively young, they're already thinking about Mussomeli becoming a retirement haven.

"We're still very young, who knows. For now it will be our holiday house, that will give us plenty of time to properly learn Italian."

Andy Cohen Teases 'Personal' Footage From Teresa Giudice and Joe's Reunion

  Andy Cohen Teases 'Personal' Footage From Teresa Giudice and Joe's Reunion Andy Cohen Teases 'Personal' Footage From Teresa Giudice and Joe's Reunion“They deal with everything that they teed up in the special and it gets surprising,” Cohen, 51, told Us Weekly exclusively at BravoCon in New York City on Friday, November 15.“It’s personal.

Salemi – here you can buy houses for 1 €. Update of Jan. 17th, 2019: There are still some 18 houses at 1 € in Italy , Sicily, click here for further The advantages of buying a house for one euro . This long-term strategy is attractive for those looking for a home cheap and simple to restore the brilliance

Applications are flooding in to buy historic stone properties in Ollolai for just € 1 , but there are some terms and conditions for prospective buyers. Now the town say they are oversubscribed for the amount of houses available and will assess applications in the order they ’re received, so speed is of

Bucolic retirement

a person standing in front of a building: The Guihots did most of the renovations on their €1 property themselves.© Courtesy Morgane Guihot The Guihots did most of the renovations on their €1 property themselves.

While many buyers set out to purchase dilapidated houses with the bargain basement price tag, some have ended up settling for more expensive homes in better shape.

After a long tour of Mussomeli's €1 ($1.10) buildings, Belgian businessman Patrick Janssen picked a "superior" dwelling at a higher price, which he has now almost completely refurbished.

Like many, he was lured by the media coverage of the cheap homes and the prospect of making a life-changing move.

"I'll be honest, we didn't buy a €1 house," he says. "We were shown something like 25 old buildings, some badly in need of repair, so at the end we opted for a three-room decent building for €10,000 ($11,008) and I invested more money in the renovation."

But it wasn't just the poor state of the buildings that steered him away from the end of the scheme.

"I thought, if I buy a nice home, not crumbling down and I neatly fix it making it brand new again, it would last many more years," Janssen adds.

"My five kids, in 20 years time, would have a house still in perfect shape. If something happens to me, they'll have a good place where they can live and while they grow up they can come here with their friends."

For the time being, his plan is also to use it just as a holiday house where the family can spend several weeks or months per year.

Canada's Vasek Pospisil beats favoured Fabio Fognini in Davis Cup opener

  Canada's Vasek Pospisil beats favoured Fabio Fognini in Davis Cup opener MADRID — Canada's Vasek Pospisil has recorded a major upset to open the inaugural Davis Cup Finals. Pospisil, a late replacement for Felix Auger-Aliassime (recovering from an ankle injury), beat Italy's Fabio Fognini 7-6 (5), 7-5 in the opening match of the best-of-three tie on Monday. Ranked 150th in the world after missing half the season while recovering from back surgery, Vancouver's Pospisil was a big underdog against world No. 12 Fognini. Denis Shapovalov of Richmond Hill, Ont., Canada's top-ranked player, squared off with Matteo Berrettini in the second singles match.

Buying property in Italy has never been easier as a new incentive program has been designed to drive people to a dwindling town. As appealing as it is to want to buy a home in Italy for 1 Euro , it' s important for you to know that unfortunately, there are a couple catches. No rash decisions here !

English News Lesson on Homes for Sale: Homes for sale in Italy for one euro - FREE worksheets, online activities, listening in 7 Levels Sambuca' s deputy mayor said the houses are owned by the town, so there is little of the red tape normally associated with buying a property.

"But now, giving it a second thought and after discovering the beauty of the place, it might become my future retirement spot."

Janssen has made the purchase with long-term plans in mind and weighing many factors, primarily the short distance between his main home in Brussels and Mussomeli.

"Sicily is around the corner. With just a two hours flight we escape from Belgium and reach Catania's airport. That's certainly a big plus point if you come from a European country to spend the weekend".

Mussomeli, when compared with frenetic Brussels, is another world, he says.

"People in Belgium don't relax. Life here is simpler, the town is cozy and the surrounding nature spellbinding. It's perfect to recharge one's batteries and detox".

Janssen's house has a panoramic terrace overlooking the old district's tile rooftops, quaint churches and narrow alleys.

"This corner of Sicily is wild, intact, green, not crowded. It's a perfect starting point to explore the rest of the island."

The purchase also went pretty smoothly for Janssen. Paperwork turned out easier than expected, despite Italy's bad reputation for red tape and excessive regulation.

"Actually, I was quite surprised in finding that buying and renovating a house is so much easier in Sicily than in Belgium".

Blood ties

a person walking down a sidewalk next to a door: Meredith Tabbone, who lives in Chicago, put in a bid for two dwellings before she'd even visited Sambuca.© Courtesy Meredith Tabbone Meredith Tabbone, who lives in Chicago, put in a bid for two dwellings before she'd even visited Sambuca.

For some there was something more powerful than the prospect of a cheap house to entice them -- like DNA and ancestry.

Vasek Pospisil upsets Reilly Opelka to give Canada 1-0 lead in Davis Cup tie

  Vasek Pospisil upsets Reilly Opelka to give Canada 1-0 lead in Davis Cup tie MADRID — Vasek Pospisil has recorded his second major upset in as many days, giving Canada a 1-0 lead in its tie against the United States at the Davis Cup Finals. Pospisil, ranked 150th in the world, beat world No. 36 Reilly Opelka 7-6 (5), 7-6 (7) on Tuesday. Pospisil, from Vancouver, beat world No. 12 Fabio Fognini on Monday en route to Canada's 2-1 win over Italy. The six-foot-11 Opelka, known for his big serve, fought off one match point in the second set to tie it at 6-6. But Pospisil rebounded to finish it off.Canada's Denis Shapovalov, who clinched the tie over Italy with an upset of Matteo Berrettini, meets American Taylor Fritz in the second singles match.

In some towns of Italy old houses are sold at one our. The municipality of Nulvi, at just 15 minutes from the beach, has 6 available houses . Here you are also asked to use local people to renew the house , but with 20,000 euro you could have the house of your dreams at only 500 meters from the

Per CNN, the Italian initiative is meant to bring people back to the beautiful, historic town on the Sardinian island. Lamenting my house -free life. Mourning one of many dollars I threw away when paying my rent check this morning. Oh, and pictures of some of your potential options below

Chicago-based financial adviser Meredith Tabbone was among 16 buyers who secured an old dwelling in Sambuca, also in Sicily, which is famous for its Arab-style courtyards.

Tabbone has Sicilian blood running in her veins. Her ancestors came from Sambuca.

After CNN first broke the news in January that local authorities were selling off abandoned buildings to reverse depopulation, the village faced a property stampede.

Interested buyers from all over the world invaded Sambuca, sending thousands of requests.

The mayor, unable to meet sky-high demand and clearly sensing a business opportunity, auctioned the properties to the highest bidder. The houses were sold for up to €25,000 ($27,521) -- considerably more than €1, but still a bargain.

Tabbone submitted a bid for two dwellings without even visiting the town.

"When friends forwarded the article I realized that Sambuca happened to be the town where my family is from," she says.

"My great-grandfather emigrated to the States a long time ago. I had always wanted to visit Sicily but had never been to my hometown. I'd been meaning to go since the past 10 years, never had the chance."

Tabbone was amazed at finding that her bloodline lives on in its original place.

"I still have relatives living close to my new house, a few blocks away, but I haven't yet met them. I will next time I go though".

Tabbone bid €5,555 ($6,115) for each of the two houses and got the one located on a street at No .5.

"Five is my favorite number," she adds. "That's why I bid that precise sum and selected that particular house in that spot".

She did most of her paperwork online and Google-mapped the properties. But after winning the bid in May, she was forced to postpone her first trip until June.

"I had broken my ankle. I bought the house sight unseen".

Her new dwelling, with three bedrooms, tiled ceilings, curved stairs and two entrances, turned out to be a pleasant surprise.

A Baby Arrives In ‘Fuller House’ Season 5 Trailer But No Lori Loughlin

  A Baby Arrives In ‘Fuller House’ Season 5 Trailer But No Lori Loughlin “Fuller House” is getting even fuller. The new season five trailer for Netflix’s “Fuller House” is here. The streaming service pushed out the “Part A” trailer on Friday. RELATED: ‘Fuller House’ Ladies Perform Show’s Theme Song At Wrap Party Stephanie and Jimmy bring their newborn baby home from the hospital. The new season five trailer for Netflix's "Fuller House" is here. The streaming service pushed out the "Part A" trailer on Friday.

The Italian town of Sambuca faces an issue that neither of those urban cities has understood since their dawn: depopulation.

"It's different from what I expected," she said. "I Googled it but had really no idea what it was going to be like. At the end it turned out to be much better than I thought. The balcony is nicer."

The house currently has no water nor electricity, but for Tabbone it's "like a blank canvas that I can bring to life with all those beautiful and cute Italian things that make a cozy home."

The building's history is an added attraction.

"The ground floor is where the stables were located," Tabbone says. "In the 1700 to 1800s horses were kept downstairs while families lived on the upper floor. There are still the ropes."

Tabbone has completed her paperwork and got hold of the blueprints. She's coordinating with architects on the next steps. It will be a basic restyle.

"People tend to think dealing with the paperwork is complicated. But really, it's not. It was all very smooth, a very easy process. Everybody was like 'gosh, it can't be easy'. But it was.

"You can download and fill in all required documents online, even apply for your new fiscal code to pay for property taxes in Italy. I found the architects on Instagram before setting foot in Sambuca," she says.

Tabbone says her ultimate goal is to qualify for Italian citizenship and make Sambuca her future retirement home.

"For now I'll be spending a few months a year. I'm only 40 but have started to think about my future, when I'll retire from work. People in Sambuca are warm, sweet and kind."

Overcoming stereotypes

While Tabbone may have found the process relatively simple, things have been less smooth sailing for New Yorker Kenny Sanchez, who purchased a home in Zungoli, Campania earlier this year.

Sanchez says he put in a bid on one of the town's €1 homes on a whim and never thought it would be approved.

"I knew a lot of people would be doing the same and thought I had little chance," he admits. "I did not expect to be granted a home in Italy. It was quite a surprise."

Sanchez visited Zungoli during the summer, and says locals were very welcoming.

However, the home he is now the proud owner of may not be habitable for a few years yet.

"The house seemed like it needs a lot of work," he says. "There are some major things that need to get repaired, including the roof.

"We were able to make the arrangements to renovate it within three years. That time frame should be ample for us to fix the necessary things and make it livable."

The paperwork side of things has also been moving slowly, which means he hasn't been able to move forward with any of the repairs.

"We are still waiting for the contract of sale," he says. "Since we don't have that yet, we haven't been unable to start anything."

Once the renovations are complete, Sanchez plans to travel to Zungoli with his family every year.

"Right now, we are looking to have it as a summer house or a place were we can get some respite from the US in Italy,"

"Zungoli is absolutely beautiful and we're very excited to have this opportunity. "

Many newcomers are considering settling down for good in Italy.

Another purchaser, UK-based Pakistani businessman Muhammad Ramzan, says he would like to enroll his kids at the local school in Mussomeli.

Like Janssen, he too opted for a slightly more expensive house, which he plans, for now, to use as a summer home for his family.

"Television reports were talking about this appealing initiative, I wanted to take a closer look," he said. "I had never been to Sicily nor Italy so had no idea what to expect. After seeing the poor conditions of a dozen €1 houses, I decided to spend more and bought one for €4,200 ($4,263) in need of minimal repair.

"It just requires some painting and my dad, who does that as a job, will be taking care of it."

Ramzan says the real estate agency helped him navigate through the whole process, easing paperwork which took months to complete.

"It can be a bit hard if you come from a different country or area," Ramzan says. "The agency personnel made it all feel more trustworthy, they were really helpful given I needed a translator and the notary deed had to be drawn up also in English."

His three-story dwelling in the historical center features a balcony with a great view of Mussomeli's hilly landscape and the spectacular cliff-hanging fortress, known locally as the Castle in the Sky.

"My wife loves art and the beauty of this place is so inspiring," he said. "Lovely weather. It's silent and peaceful."

He took several trips to Mussomeli before making a final decision.

"I had to see for myself so I met people, the neighbors, we went out for drinks together and became friends. I visited the local school for the kids and took long strolls late at night to see if the place was really safe..

"There's no mafia, people tell a lot of bad stories. There's this prejudice that Sicily is all about 'The Godfather' movie. But during my nights out I saw no danger, everything was quiet and safe."


A Baby Arrives In ‘Fuller House’ Season 5 Trailer But No Lori Loughlin .
“Fuller House” is getting even fuller. The new season five trailer for Netflix’s “Fuller House” is here. The streaming service pushed out the “Part A” trailer on Friday. RELATED: ‘Fuller House’ Ladies Perform Show’s Theme Song At Wrap Party Stephanie and Jimmy bring their newborn baby home from the hospital. The new season five trailer for Netflix's "Fuller House" is here. The streaming service pushed out the "Part A" trailer on Friday.

—   Share news in the SOC. Networks

Topical videos:

usr: 17
This is interesting!