Houses in Italy Sell for Just One Euro, but There's Almost No Demand for Them. What's the Catch? in Short, Big Investments in Restoration, Bureaucracy, and Lack of Infrastructure in the Interior.

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In Italy, property is increasingly offered for a symbolic price that does not exceed one euro, and everyone seems to be able to buy it, but not very much: behind a suspiciously profitable offer is a mandatory costly restoration, lack of infrastructure, bureaucracy, and many unforeseen expenses. "Meduza" explains why the authorities of small Italian communes are trying to attract new residents to their homes for one euro, how much such property i…