Americans Bought Abandoned $1 Homes In Italy — Was It Worth It?

In the late 2010s, towns around Italy started going viral for selling off crumbling properties for 1 euro, or roughly $1.05. How much does it really cost to buy and renovate a 1-euro home in Italy? And is it worth it? CNBC Make It spoke to several Americans who have bought a 1-euro home in Sicily, Italy.

Produced, Shot and Edited by: Mickey Todiwala
Reported and Narrated by: Jennifer Liu
Managing Producer: Beatriz Bajuelos
Supervising Producer: Jessica Leibowitz
Animation: Elham Ataeiazar , Gene Woo Kim
Senior Production Manager: Kathryn Mavrikakis
Executive Producer: Kamelia Angelova
Executive Editor: Jenna Goudreau
Deputy Managing Editor: Ester Bloom
Senior Work Editor: Hanna Howard
Production Assistance: Valentina Duarte
Special Thanks: Nathalie Milazzo, real estate agent in Mussomeli

Conversions from euros to USD were done using the OANDA conversion rate of 1 euro to 1.05 USD on Oct. 18, 2023

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Americans Bought Abandoned $1 Homes In Italy — Was It Worth It?