This Italian Town Is Selling Houses For Just Rs 71, But There's A Catch
In a bid to repopulate its streets and provide a boom to the economy, the Italian town of Sambuca is selling off houses for just Rs 70 ($1).
The scenic Italian town of Sambuca, located in western Sicily and known as the City of Splendor, was nominated in the list of 'most beautiful towns of Italy.'
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The properties that are being sold range between 430 square feet to 1610 square feet and are all old houses. While the sound of buying houses less than the cost of a chocolate bar sounds inviting, there's a catch.
The interested buyers have to deposit a sum of Rs 12,12,450 for renovations over the course of three years and there's also an additional cost of Rs 4,04,150 as security.
Well, doesn't sound all that cheap now, does it.
According to Giuseppe Cacioppo, the Deputy Mayor and tourist councillor of Sambuca who spoke to CNN, said that this is a very bearable cost for a nominee of the beautiful towns of Italy.
¡°This fertile patch of land is dubbed the Earthly Paradise. We're located inside a natural reserve, packed with history. Gorgeous beaches, woods and mountains surround us. It's silent and peaceful, an idyllic retreat for a detox stay,¡± Cacioppo said.
10 houses have already been sold and the tourist councillor has been contacted by people from countries like Switzerland, France and Spain.
"I didn't sleep last night because I was getting so many phone calls," he said. "I received 39,000 emails in response to the offer, including people who want to buy whole blocks of houses.¡±
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