The Scary Truth About Italy’s €1 Homes
(Spoiler: They’re never just one euro.)
Most of these properties are located in nearly abandoned villages, far from vibrant towns or modern conveniences. They’re often in extreme disrepair, with roofs caving in, no electricity or plumbing, and years—if not decades—of neglect.
They are not move-in ready, and almost always require a full structural renovation to meet seismic codes and legal standards.
Even though the upfront price is €1, your actual investment could range anywhere from €80,000 to €400,000, depending on the size of the home and your desired level of finish.
Common hidden costs include:
- Second home taxes in Italy
- Structural, seismic, and code-compliant renovations
- Notary fees, surveyors, and legal professionals
- Furnishings, appliances, and landscaping
- Long-distance travel to remote areas
- Risk of fines if obligations aren’t fulfilled
Requirements That Catch Many Buyers Off Guard:
- Strict deadlines to complete renovation
- Full-time residency (often 2–5 years)
- Requirement to open a business
- High penalties for failing to comply with timelines
Additional Headaches to Consider:
- Navigating Italian bureaucracy
- Language barriers
- Unreliable or unqualified “advisors”
- Difficulty securing financing or understanding local lending rules
- Lack of resale flexibility or long-term value
The Smart Alternative:
Palazzo Ricci Private Residence Club
Starting at $100,000 USD, fractional ownership at Palazzo Ricci offers:
- Hassle-free acquisition and full-service management
- Luxury amenities, concierge service, and curated local experiences
- 5.5+ weeks of use per year, with flexibility and additional access
- A real estate asset that can be resold, transferred, or passed on to heirs
- Access to off-site perks like a beach resort, golf, ski lodge, and more
Visit. Experience. Own.
Contact us to learn more or schedule your private tour:
WhatsApp +1 801-349-2767 | DM us on Instagram @palazzoricciclub
Or simply fill out the form below!
