One Euro Homes in ITALY. The Truth According to two Experienced Expats. 1 EURO HOUSES
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- čas přidán 24. 08. 2024
- The One Euro Home program according to us.
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DISCLAIMER
Any comment on this video should not be construed as advice and you should consult a professional.
We are not real estate agents, nor are we intermediaries.
This video is for entertainment purposes only
Excellent advice. There are some great bargains, but too many people looking at property have either no imagination, unreasonably high expectations or both. Research is imperative and zeroing in on a particular area really helps or you can be overwhelmed. I really hope Italy will relax its rules on residency. We want to live there full time. Purchasing a home that we can only live in 90 days at a time would make buying a retirement home there a foolish waste of money.
I agree, Italy wants foreigners to buy homes to help their dying communities and bring in income, yet they make it difficult. My boyfriend and I are both 2nd generation American/ Italian, we have family in Italy, but we still are under the 90-day rule, which France has as well. So, it makes the move very difficult. "Bouna fortuna"
I think you’re absolutely right: if someone fell in love with a house and has the budget for the renovations he should go for it!!!
Hi Guys! My family and I, have started the process, of apply for “Italian Citizenship by Descent”. Luckily, my grandfather didn’t become a naturalised Australian citizen, until six years after the birth of my father. My children will be able to become Italian citizens as well. My daughter’s plan is to buy a home in Italy, that she can renovate and hopefully move there. My youngest son, a chef, would love to open up a cafe, somewhere in Calabria, where his paternal grandparents originated from. ( My grandfather came from Veneto). My eldest son, would just love to get back to his roots. It seems that everything is going full circle. Our ancestors left for a better life and get away from the ravages of war and depression and here we are, two-three generations later and we can’t get back there fast enough. By the way, hello from Perth, where we are still waiting for Autumn to arrive. I love your You Tube channels and I watch every video that you put out. You both are doing a wonderful job. 🇦🇺🇦🇺🇦🇺🇦🇺🇦🇺🇦🇺
Oh, that is beautiful ❤️
Thank you so.much for sharing
My understanding is that a 1 eu home actually costs around $5k including taxes, fees, exchange rate, etc. is that about what you understand as well?
From my viewpoint, what stops me considering a move to Italy is the amount of income a pensioner needs to have coming in per month which is around twice as much as UK pensioners typically get, and I am not talking about those buying a €1 house, this is the case even when people have sold their UK home and are willing to use their cash to buy a full price home in Italy. This is a major deterrent.
What amount is that exactly to quality?
Same with the US. I have the money to buy there but unlikely to get a long term visa due to the income requirements.
Thank you for all the information on homes in Italy. I’ve been wondering about the 1 Euro homes.
Ciao Fiorella and Aden, this was a really good informative video, I replied to one of your followers. Here's the thing, the old saying "if it's too good to be true, it probably isn't." when you are buying a 1Euro home you are not going to get a castle, you will be lucky if you have walls. That's why I love your channel, without writing a novel here, you are able to help people who want to make the move understand that it takes time, money and knowledge. Anyone looking for a 1 Euro home, should expect to spend up to 15,000. then add your renovation costs, what you have budgeted. It should be the end game to keep in sight. A life living in Italy. The one deterrent is getting residency. One piece of advice, take a holiday to the area you are looking to buy in make sure it's what you really want. "Grazie Mille" P.S. Aden I love your coffee mug. Amore da N.Y.
More real-life information like this is a good idea to share. Thank you. Good news…getting closer to home ownership😊
Awesome. Can't wait to come over for coffee 😜
Good topic tonight. I think you are right about the one euro homes--everyone comes out a winner.
Very comprehensive video! You all don’t sugar coat anything. Thank you for useful information.
The truth will set you free 😂
Excelente información 👏👏👏♥️♥️
Thank you! I’m really thinking about just making a big change and starting over
Thank you so much for sharing your perspective on this and sharing this town!
Thank you for the explanation and the introduction to the little town. I appreciate your honesty and the info you provide!
You could buy one heck of a nice house in Italy for 450k. I would never spend that on a renovation. That’s just nuts 👎🏻
However, if your heck of a nice house is not in the place you want… if you don’t have 450k in the bank but might be gaining 450 k or more over say 10 years then renovation does make more sense. So, everyone’s situation is different and just because you wouldn’t do it doesn’t make it ‘nuts’. I’ve know people in the uk do that sort of thing, adding a bit extra on every 10 years till the cottage they bought is a mansion.
I’ve seen AMAZING Tuscan villas with lovely gardens and Mountain View’s, and swimming pool for $450k. This woman just bought in a run down part of Sicily, overlooking crumbling buildings and roofs. No clue what the thinking was.
Depends but yes, mostly I agree.
But if i spent 450k on a Reno and bought exactly where i wanted and Reno d to exactly my taste how am I further behind? Everyone has their own rational and choice to make.
Great, informative video. Really enjoyed it and the subtitles, excellent
Looks like we’re all reading the same articles and/or seeing the same videos.
Yes, Mussomeli and $450k in renovations. Like I told my friend, that woman TOTALLY missed the point of moving to Italy. Affordability is the attraction, and most people abroad aren’t wanting to spend over $100k, initially.
I’m really looking forward to seeing your suggestions, any low priced projects are worth looking into🥰👏🏿🍷
I love NY too btw. I think the 1€ project is great however choices have to be realistic and individually crafted. Thanks for sharing 👍
Thanks for sharing!!!!
Thank you, it's nice to hear your thoughts on this program. :-)
Glad it was helpful!
This video was a game changer for me. Backlink Fu helped magnify the effects!
I've been following your channel for at least a year now, because I want to retire soon (from the United States), and am looking at buying in either Italy, Greece (specifically Crete) or Costa Rica. But awhile back, I texted my brother and his wife about a particular property that you showed on your channel, and he replied that he wouldn't recommend moving to Italy because of their political climate. Is it possible for you to either do a video about that, or to reply directly to me with your take on the politics in Italy? Thanks!
Una sugerencia para poder seguir sus conversaciones q se escuchan interesantes .... subtitulo en español también... solo puedo escucharlos y leerlos en Inglés y la verdad q se me dificulta demasiado poder seguirlos ....un abrazo cordial desde Chile el país más austral del planeta que habla Español...❤❤❤❤
Hola, que extraño
Siempre prendemos subtitulados y lo hace automáticamente a 13 idiomas. Depronto son tus settings? Igual miro más tarde desde el PC
You are correct, people’s expectations are unrealistic. Everyone need to budget like at least $40-70,000 to make it livable to your standard 🇨🇦 Still a cheap solution for vacation or full time.
Thanks for this common sense and thorough discussion about the 1 Euro house program. I enjoyed having your expertise and point of view.
Even though I would be spending thousands of Euros to make my own, it’s still possible and cheaper than in my country where buying a home is now for the wealthy. Even a ‘dump ‘ can cost you close to $1 million CDN, making it out of reach for most unless you have a hefty mortgage or live on the prairie provinces (weather can be brutal), or choose to live in a tiny ‘chicken coop’ like apartment for big bucks. Some homes have been bought up by foreign conglomerates, making the problem worse, since many are hiding dirty money this way.
There is no link in the description ❤
Hi. I have updated just now
Think one of the things that concerns me, and I would dearly love to make that kind of bold move, as a person that doesn't own my own home, where I live now, but do have EU citizenship, is basically, the 5k money parted with initially, 1. could be used on the renovation, 2, and just how much is completely renovated? The houses you have shown, barely need anything other than a coat of paint and a lived in look. Is that going to be enough, or are they wanting to see dramatic building works? When it comes down to it, you people with money, are going to take advantage of that. I personally would be happier with buying my own place and not be beholden to the community.
PS many thanks for the info!
Thanks!
Thanks ❤️
Hello! Great video!! The link to the municipality is not working. 😞
Hi. The link works for us. I just tested it.
Perhaps try using a different browser ? Or a VPN
Nice video
Thanks
i emailed the comune sant elias about that house...now i know from you to wait up to 3 months to get awarded. [or not]. thanks.
Hello Fiorella and Aden, Is it possible to completely renovate the house yourself? Or do they expect you to let the local people renovate it. To support local companies or people. kind regards, Simon
It depends on the requirements of each municipalities. Some are flexible with this
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