Italy is famous for its huge contributions to the worlds of art, architecture, fashion, opera, literature, design, food and film. There is more.
These days, though, the European nation is reputed for its affordable homes and low cost of living. Compared to other countries, it is easier to own a home and start a family there.
According to research by Knight Frank, the average property price in Italy has been falling by about 2%. can benefit from lower property prices and still have all the amenities you need close by.
Per Numbeo, Rome costs less than London with lower-priced rents (-47%), groceries (-2%), restaurants (-7%) and consumer prices (-13%). Even the port town of Brindisi in Puglia is cheap, compared to Poole in Dorset, England. There are even more hidden affordable locations in the country. Here are four from the analyses made by online casino Australia.
1 – Sicily
Sicily is the largest island in the Mediterranean Sea and one of the 20 regions in Italy.
Together with the Egadi, Lipari, Pelagie, and Panteleria islands, Sicily forms an autonomous region of Italy. It lies about 100 miles (160 km) northeast of Tunisia (northern Africa). The island is separated from the mainland by the Strait of Messina (2 miles) wide in the north and 10 miles wide in the South). The capital is Palermo.
The municipality of Mussomeli had some time initiated a project to sell homes for $1. The town has a population of 11.000, located in the heart of Sicily.
2 – Abruzzo
Abruzzo is a region east of Rome with an Adriatic coastline and the Apennine Mountains. National parks and nature reserves cover much of its rugged interior. It also encompasses hilltop towns, dating to the medieval and Renaissance periods. Regional capital L’Aquila is a walled city, damaged in a 2009 earthquake. The Trabocchi Coast, with sandy coves, is named after its traditional wooden fishing piers.
With no crowds, easy access from Rome and its own airport in Pescara (servicing some major Italian, UK and European cities), Abruzzo has something for everyone, from the food and wine traveler (and don’t expect to pay what you would in the big cities) to the adventure and sports traveler.
It also flaunts tantalising cousins, culinary courses, world-renowned wine, idyllic beaches, spectacular skiing and hiking trails as well as some top restaurants.
3 – Ollolai
Ollolai is a comune at the centre of Barbagia, in the province of Nuoro. Its territory covers an area of 2,734 hectares.
Formerly Barbagia’s capital, Ollolai remains the most untouched and authentic patch of Sardinia. Some traditional ways of life survive. Local shepherds continue to make the exquisite premium sheep cheese, Casu Fiore Sardo, that the area is known for, while artisans still weave fine baskets.
The destination in the mountain region of Barbagia on the Mediterranean island of Sardinia, was reported to be selling hundreds of abandoned homes for just $1. However, the 200 stone-built dwellings were in poor condition and buyers had to commit to a refurbishment within three years, which will likely cost about $25,000.
4 – Acerenzain
Acerenzain is a town in the province of Potenza in the Southern Italian region of Basilicata. It has a fewer than 4,000 people, ofofferinghe possibility to buy a house for 1 euro in the historic centre of the village. Real money gambling can even be done in this region with no hassle.
Known as “cathedral city” for the imposing temple that towers in its centre, Acerenzain is dedicated to Santa Maria Assunta and San Canio. In this small treasure chest of antiquity, prestigious fountains and palaces follow one another, many of which with internal courtyards, decorated with coats of arms and stone portals. The traditional table is full of delicacies, which can juggle numerous and tasty courses.