Two dollars can buy you a home in Italy
If you have a couple bucks in your pocket, and need a house, head to Italy.There's a cheap real estate boom underway.
Tuesday, August 19th 2014, 6:25 pm EDT
If you have a couple bucks in your pocket, and need a house, head to Italy.
There's a cheap real estate boom underway.
On the Italian island of Sicily, the town of Gangi is selling off "fixer-uppers" for only one euro, which is just under two dollars.
Residents moved away from the town, or off the island, in search of jobs.
At one time, 16-thousand people called Gangi home.
Now, it's just under three-thousand.
Gangi's mayor wants to attract outside buyers to invest in this potentially new hot real estate market.
The average property is expected to cost about 47-thousand dollars to renovate.