Implications - All of the homes that will cost one euro require a lot of work and will need to be renovated. People who purchase the homes have two years to complete their renovation and are not allowed to make changes to the foundation of the home. This would be a great experience for people who love a good challenge.
1 Euro Homes
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Sicily Quake-Damaged Fixer Uppers
By: Marissa Brassfield - Published: Sep 5, 2008 Updated: May 18 2011 • References: nowpublic
Mayor Vittorio Sgarbi has an aggressive plan to help revive his tiny town of Salemi, Sicily: Sell earthquake-damaged homes for one euro. Salemi was struck by an earthquake 40 years ago and the town hasn't recovered since. Pop artist Peter Gabriel is one of the several international notable figures who has shown interest in the community as a result of Mayor Sgarbi's plan.