Perhaps you’ve heard – there are towns and villages in Sicily offering houses for 1 Euro! And it’s true – no, really! Take a look at our “one euro house” article for more information, if you haven’t already…
Gratteri is a small hilltop village in the Parco delle Madonie, a natural park on Sicily’s beautiful north coast. Although the pristine sandy beach and UNESCO world heritage site of Cefalù are just half an hour by car, and the major metropolitan center of Palermo sits just another half an hour further, this is a slice of peaceful, authentic, untouched Sicily. It’s a magical spot for a second home, or a vacation away from the stresses of everyday life.
And here’s the best bit: Gratteri is not running a ‘Sicilian houses for 1€’ promotion!
We know what you’re thinking – how’s that the good news? Who wouldn’t want a house for one Euro!? Of course, if you’re selling inhabitable properties for pocket change, we’ll take five… but the problem is that these promotions actually have more strings attached than a traditional Sicilian marionette. You can be obligated to renovate a property which is wholly run down, and, guess what, dozens of other international buyers with a contract saying they have to do the same just moved into the same small town. And there are only a few construction companies in the area, who are now looking at you all like you’re a tray of freshly-made, ricotta-filled cannoli…
So the reality of these 1€ house schemes is tricky. There were definitely good deals available when they launched, but now? The smart investors are thinking outside of that particular box. And so, we’d like to present you: