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Italy: An old town for sale for the price of a cup of coffee

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The town of Castiglione di Sicilia is located on the Italian island of Sicily, home to 900 abandoned houses – for sale for the price of a cup of coffee.
The Covid-19 epidemic has changed the lives of the people here to suit the circumstances.

According to CNN, tourist vacations are increasingly slag due to travel restrictions and quarantine requirements in Italy. Panoramic town of Castiglione di Sicilia The town of Castiglione di Sicilia is located on the Italian island of Sicily, home to 900 abandoned houses – for sale for the price of a cup of coffee. These long-standing houses, of which about half are severely degraded, are for sale for a symbolic price of 1 euro (equivalent to $ 1.20). The remaining houses are in better condition and sold for around 4000-5000 euros. Mayor Antonino Camarda has carried out an ambitious project to blow new “life” into this village. The town’s population has declined from 14,000 in the 1990s to 3,000 today. The town of Castiglione di Sicilia is located east of Mount Etna. Photo: CNN “We have a huge historic architectural legacy that needs to be rescued. Over time, too many people have passed away and left behind picturesque old houses. also dates back to the Renaissance, “he said. Several other towns have carried out these campaigns and have already sold a lot of homes. Streets around town. Photo: CNN “We have done in-depth research on each property’s portfolio based on the map and land registration data. Depending on the conditions, the buildings will be sold at different prices,” said Camarda. emphasize. He also added that if many people are interested in the same property, an auction will be held. The town lies under the hillside. Launched in March 2021, this is the largest sales campaign with an estimated 4,000 properties in good condition and requiring minimal renovation. Prospective customers should have a detailed plan for the type of home they want to buy and find ways to improve it to best meet demand from the supply. A dedicated team will be set up to oversee the projects. The surrounding hills are famous for a wide variety of foods and wines. Photo: CNN With this project, the buyer will have to complete the renovation within 3 years. However, unlike other programs, buyers in this project do not have to make any deposits to ensure implementation progress. Instead, new owners are required to purchase an insurance policy from a 4000 euro bank. “New owners will have to pay 100 euros per year from the bank instead of a security deposit,” said Mr Camarda. Besides, local tax rates in Sicily are lower than in other regions of Italy. Buyers can benefit from the “super incentives” program of the Italian Government to improve their home to be more environmentally friendly. A photo corner of the town. Photo: CNN Located on a cliff on the northern slope of Mount Etna, the town of Castiglione di Sicilia overlooks the Alcantara valley – where there are many deep pools and canyons. Castiglione di Sicilia is formed by volcanic lava that has frozen after previous eruptions. From the town you can admire the beautiful landscape of the clear stream, pond, and waterfall. Trees, olive gardens, orange orchards, witch hazel plantations and wineries are scattered around the town. An old house image is for sale for 1 euro. Photo: CNN In the town, uninhabited buildings are uniquely designed, connecting to different streets and located on the winding main road leading to the majestic castle. Residents who once lived here have migrated to Australia and South America in search of a brighter future. Their children and grandchildren did not return, and the house gradually fell into oblivion. Therefore, the town government wants to find new owners to preserve the value of the long abandoned building.