That 1 euro home is going to take A LOT of work before it’s your dream home.
The houses selling in Italy for this cheap are nearly in total ruins. The Italian government runs this incentive, frankly, so they don’t have to deal with the costs of renovating the houses. Also, it boosts tourism in towns that could really benefit from it. Those sneaky Italians! Click the next ARROW to see the next page!
How to formally inquire about a 1 euro home
For whichever city you saw the 1 euro homes advertised (there are several), try googling that city’s government website.
Cinquefrondi is just one of the many Italian towns advertising this incentive. Depending on what country you’re from, the official government website for that small Italian town may require some digging. Try to search through the first three pages of Google. Different towns will have their own ways of communication. Click the next ARROW to see the next page!
What you need to know before buying
These requirements are specifically for purchasing a home in the town of CINQUEFRONDI. Again, different towns may have different requirements, so you must find their government site! You do not need to be Italian. You must declare that you have not committed mafia crimes. In addition to the 1 euro payment, you will have to pay legal document fees. Restructuring and renovations must begin within 3 months of purchase, and be finished in 3 years. You must purchase an insurance policy of about 100 euros (the maximum coverage is 20,000 euros). Click the next ARROW to see the next page!
The conditions of the 1 euro homes
Most of these 1 euro homes are currently not habitable and need to be completely restructured and renovated. On the Cinquefrondi’s government website, they have a section featuring homes for sale. Click the next ARROW to see the next page!
What to consider
It is estimated that you could renovate these homes for a relatively low cost ranging from €5,000 – €20,000. However, it is important to consider how much time and work this will cost you.
Will you have to travel back and forth to oversee construction? Will you have to pay for accommodation while you are reconstructing your home? In the end, it is a lot more than €1 that you are giving up. This CNN Travel article followed a couple who bought a 1 euro home and completed renovations. If you have some money saved up, and owning a home in Italy has been a dream of yours – then go for it! Putting your home up on Airbnb while it’s not being used is a great way to earn back some of the money that you’ve put into it.
That 1 euro home is going to take A LOT of work before it’s your dream home. 
For whichever city you saw the 1 euro homes advertised (there are several), try googling that city’s government website. 
These requirements are specifically for purchasing a home in the town of CINQUEFRONDI. Again, different towns may have different requirements, so you must find their government site! You do not need to be Italian. You must declare that you have not committed mafia crimes. In addition to the 1 euro payment, you will have to pay legal document fees. Restructuring and renovations must begin within 3 months of purchase, and be finished in 3 years. You must purchase an insurance policy of about 100 euros (the maximum coverage is 20,000 euros). Click the next ARROW to see the next page!
It is estimated that you could renovate these homes for a relatively low cost ranging from €5,000 – €20,000. However, it is important to consider how much time and work this will cost you. 
