Ever since the concept of one-euro Italian homes emerged a few years ago, there’s been a recognized pattern to these highly popular sell-offs of crumbling properties in charming but depopulated areas. Once a town announces it has some on offer — usually places hoping to revitalize their communities with new residents willing to spend money on preserving historic housing stock — there’s a brief frenzy as buyers swoop in to snap up a bargain. Even though these typically vanish from the market just as quickly as they arrive, there are still dilapidated dwellings going for a song in parts of the island that few Italians have heard of. But you need to know where to search — and it can be like looking for a needle in a pagliaio. Luckily, two people are willing to do this for you: Antonino and Carmelo Cuschera. These Sicilian brothers have dedicated themselves to hunting down old properties and placing them on the market for one euro (a little over a dollar) through their real estate agency Vero Affare — meaning “good deal” in Italian. And unlike other one-euro sell-offs that often require buyers to commit to spending thousands of dollars on renovations, these sales require no guarantees or down payments. Likewise, unlike ones sold by town halls — which usually impose a three-year time limit on completing repairs — these properties come with no such restrictions. Simply put, buyers can purchase a rundown old house and, if they really don’t feel like restyling it, can leave it alone as a crumbling relic, owning it just for the pleasure of watching it fall further into ruin. “No town halls are involved here, it’s just between private (buyers and sellers) and we liaise,” Antonino, a 55-year-old former honey producer and melon grower, told CNN. “Old owners who want to get rid of their abandoned family properties contact us, and we place all listings online with photos, but don’t sell sight-unseen. Interested buyers must come in person.” Beautiful locations Based in the Sicilian town of Favara, Antonino and Carmelo — a 58-year-old tech expert — regularly tour Sicilian towns struggling due to depopulation, where they know families own old properties they’d like to dispose of. “We regularly scout for one euro homes, meeting locals who think these properties are just a burden,” Antonino added. “We hand out flyers in villages to push people to get rid of abandoned buildings for one euro, and we take care of all the necessary paperwork.” Keeping these derelict properties mean that the original owners can be liable for property and council taxes, which means the impetus to offload them — even at a knockdown price — can be high. In the last three years the pair have sold over 50 one-euro homes, mostly to foreigners, including North Europeans and Ukrainians fleeing the war in their homeland. Every week they upload new one-euro houses online, alongside other cheap, turnkey properties that sell for as low as 20,000 euros ($22,400). Among the Sicilian communities where the Cuschera brothers find and sell homes are Sutera, a medieval village named one of Italy’s most beautiful towns, Campofranco, Acquaviva Platani, and old districts of larger cities such as Caltanissetta and Agrigento. Most of the one-euro homes available are small, dating from the 1930s and spread over several floors. Some are larger, the old homes of farmers or shepherds, with a 200 square-meter footprint on lower-level floors that were once used to house livestock. A few properties are in good shape, others require extensive fixes. Among recent one-euro listings is a four-bedroom, 100-square-meter, two-story stone dwelling in the town of Sutera, with a garage and balconies overlooking the main piazza. For the love of Sicily In Caltanissetta, right in the center of Sicily, an entire 200-square-meter old palazzo is on sale for one euro in an ancient district dating back to the 9th-century Arab conquest of the island. Spread across three floors with several balconies, it is located near the town’s picturesque basilica. The Cuscheras are hoping that most buyers will be renovating these crumbling treasures — with minimal restyles priced from 20,000 euros — and they say they can assist buyers in finding surveyors, architects, building teams and notaries. And, although they seek payment to cover some specific admin costs, they say they’re not in it for profit. “We ask no agency fee, we really do it for the love of our beautiful land,” said Antonio. “It hurts to see how so many once-thriving places in Sicily are facing a decline due to emigration and neglect. We want to help breathe new life into them, and believe foreign investors can play a key role.” It’s not an easy task they’ve set for themselves. Before placing any listing on the market, they need to make sure that the property’s owners have all the necessary permits to sell, mostly proof of ownership — and, crucially under Italian law, that all heirs are on board for the sale. Many old buildings may in fact be divided into various shares owned by different relatives. In the past, it was customary for families to split properties among children and heirs. “Often we might need to track down multiple owners across the world, if they migrated abroad, or have them sign deeds of succession in favor of their heirs who want to sell,” says Antonino. ‘A corner of paradise’ Carmelo takes care of recovering lost family trees by trawling through public archives in local municipal offices and parishes, to identify and locate distant relatives — who may well be living as far away as the United States today. There are extra fees (roughly 300 euros) for buyers when a deed of succession must be signed, for instance, if one owner has died and the property share must be passed on to the heirs. So if placing a one-euro home on the market requires having three old owners or their relatives sign succession deeds, the total for the buyer would be 900 euros. For a further 350 euros, the brothers also fix outdated property maps and register them at the local land registry office. “This is what sets us apart from one-euro homes schemes organized by local authorities: it’s the owners who come to us, not the other way round, and we procure all the needed paperwork to sell their old house,” Antonio added. “Often owners refuse to give up their house for one euro because they lack the documents and the town halls don’t have the money and time to help with the missing papers.” The Cuscheras say they prefer to deal with properties where there are just one or two already identified owners to keep things simple. Despite the tiny cost of these properties, the brothers insist the value of a one-euro home is much more than just one euro. Most offer huge returns in terms of location — situated in medieval villages or districts packed with history and scenic views, in quiet and offbeat locations far from the crowds. So much so, they say, that even buyers with cash to splash are eschewing ready-to-occupy properties in favor of relics that benefit from idyllic situations. Antonio said he recalls one client who arrived to buy a cheap ready-to-occupy house but then bought a crumbling one-euro property with a great panorama because “she could enjoy a corner of paradise from the terrace.” “When clients come asking for a turnkey home without the need of a restyle, they often end up grabbing a dilapidated one-euro home that requires a lot of work,” he added. “It’s simply more appealing and beautiful.”
There are plenty of one-euro homes hidden all over Sicily. These brothers want to find them for you
TruthLens AI Suggested Headline:
"Sicilian Brothers Offer One-Euro Homes to Revitalize Depopulated Areas"
TruthLens AI Summary
The phenomenon of one-euro homes in Italy has gained significant traction as towns attempt to rejuvenate their communities by selling dilapidated properties at incredibly low prices. This initiative is particularly prominent in Sicily, where charming yet depopulated areas have become the focus of attention for potential buyers. Antonino and Carmelo Cuschera, two brothers based in Favara, have embraced this trend by establishing their real estate agency, Vero Affare, which specializes in locating and listing these one-euro homes. Unlike other schemes that impose renovation commitments or time limits on repairs, the Cuschera brothers offer a more flexible approach, allowing buyers to purchase these homes without any immediate obligations. This unique arrangement has attracted a wide array of buyers, particularly foreigners seeking an affordable entry into the Sicilian real estate market. Over the past three years, they have successfully sold more than 50 properties, primarily to individuals from Northern Europe and Ukrainians looking for refuge from conflict.
The Cuschera brothers actively scout potential homes in various Sicilian towns, where they engage with locals to encourage the sale of abandoned properties. They have developed a streamlined process for listing these homes, ensuring all necessary paperwork is in order before finalizing any transactions. The homes they offer vary widely in condition, with some requiring extensive renovations while others are in relatively good shape. The brothers aim to revitalize these historical treasures, believing that foreign investment can play a crucial role in restoring the charm of these communities. They are motivated not by profit but by a desire to breathe new life into neglected areas of Sicily. The brothers’ commitment to this mission is evident in their hands-on approach, which includes helping buyers navigate legal complexities and connect with local professionals for renovations. Their efforts not only provide affordable housing options but also contribute to the preservation of Sicily's rich cultural heritage.
TruthLens AI Analysis
The article highlights the unique opportunity presented by one-euro homes in Sicily, where two brothers, Antonino and Carmelo Cuschera, have taken the initiative to assist potential buyers in finding affordable properties. This concept aims to rejuvenate depopulated areas by attracting new residents who are willing to invest in the restoration of historic homes. It also underscores the challenges that potential buyers face when searching for these hidden gems.
Purpose of the Article
The primary intention behind the article appears to be promoting the efforts of the Cuschera brothers and their real estate agency, Vero Affare. By showcasing the ease of purchasing these homes without the typical bureaucratic constraints, the article aims to attract interest from both local and international buyers. This promotes a narrative that emphasizes opportunity and accessibility in a market that is often seen as complicated or daunting.
Perceived Community Impact
The piece is likely to instill a sense of optimism within communities struggling with depopulation and economic stagnation. It paints a picture of revival where new residents can contribute to the local economy and preserve cultural heritage. This approach fosters a positive perception of the area, encouraging others to consider investing in such properties.
Potential Concealments
While the article presents a largely positive view, it does not delve into the complexities or potential pitfalls of purchasing such homes. Issues such as hidden renovation costs, legal challenges, or the actual feasibility of restoring these properties are not addressed. By focusing on the allure of the one-euro price tag, there may be an omission of critical information that prospective buyers should consider.
Manipulative Elements
The article carries a moderate level of manipulation, primarily through its language and tone. It emphasizes the simplicity and allure of the properties without adequately addressing the responsibilities that come with homeownership, especially in a foreign country. The narrative could be seen as trying to create a romanticized view of rural life in Sicily, which might not reflect the realities faced by new residents.
Trustworthiness of the Information
The information presented can be considered reliable, as it discusses a real initiative that exists and includes quotes from the individuals involved. However, the lack of detailed analysis on the pros and cons of such a purchase diminishes its overall trustworthiness. Readers are encouraged to conduct further research into the implications of buying one-euro homes before making decisions.
Societal and Economic Implications
The promotion of one-euro homes could have a significant impact on local economies by attracting new residents who may invest in renovations and contribute to the community. Additionally, it might inspire similar initiatives in other regions facing depopulation. However, there is a risk that these homes may become temporary investments for non-residents, leading to a lack of genuine community engagement.
Target Audience
This article is likely aimed at a diverse audience, including international buyers looking for affordable real estate, as well as locals interested in revitalizing their communities. It appeals to individuals who are adventurous and seeking unique opportunities in the real estate market.
Market Influence
The news regarding one-euro homes could influence real estate markets, particularly in areas facing economic challenges. It may lead to an increase in property interest within Sicily and potentially inspire similar low-cost housing schemes in other regions. This development might positively affect local businesses and services catering to new residents.
Global Power Dynamics
While the article does not directly address global power dynamics, it touches upon themes of economic revitalization, which can contribute to broader discussions about migration patterns and rural development. The concept of affordable housing aligns with current global trends toward sustainable living and community-focused initiatives.
Use of AI in Writing
It is possible that AI tools were utilized in crafting the article, particularly in structuring the narrative and ensuring clarity. AI models might have helped in organizing information and enhancing readability. However, the human element is evident in the personal stories shared, which AI would find challenging to replicate authentically.
The article ultimately serves to inspire interest and action in a unique real estate market, yet readers should remain aware of the complexities involved.