Looking to start a new chapter or kick off your next big project? Those willing and able to take a risk could find exactly what they’re searching for in Sambuca di Sicilia, a beautiful village in Sicily.

Located just over an hour from Polermo, this enchanting destination is hoping to entice people from far and wide with some of the cheapest houses in Italy.

For as little as €3, you could purchase a charming fixer-upper listed for auction by the government, but there are a few things of note.

Though it’s tempting to buy real estate for far less than you would in Canada, you will be required to renovate within 3 years of your possession date.

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Luckily, you will not need to be an Italian citizen or transfer residency.

Other things to be aware of?

In order to place a bid, you will have to pay a deposit of €5,000.00 (CAD 7,347.52) – though this will be returned prior to the
the signing of the final contract of sale.

You’ll also have to act fast.

According to the Municipality Of Sambuca Di Sicilia, you’ll only have until Monday, August 5th, 2024 at 1 pm CEST (5 am MST) to throw your hat into the ring – so don’t hesitate if this is something you want to commit to.

It’s not every day that the houses in Italy are sold for (what could be) less than a cup of coffee.