The 1-euro houses in Sicily initiative has captured the world's imagination, drawing interest from thousands of potential buyers from the US to Northern Europe. The idea of owning a piece of Sicilian history for the price of a coffee is nearly irresistible.
However, behind the sensationalist headlines lies a reality of red tape, hidden costs, and structural challenges. If you are considering investing in a remote village like Sambuca di Sicilia, Mussomeli, or Troina, it is essential to understand the real risks before signing the contract.
Renovation costs are (very) high
The primary risk is the price illusion. The house effectively costs 1 euro (or is sold via auction starting at 1 euro), but the properties are often in a dilapidated state.
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The obligation: Almost all municipalities require you to submit a renovation plan within a few months and complete the works within 3 years.
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The real expense: To make an abandoned stone structure habitable, costs can range between €40,000 and €100,000, depending on the square footage and historical preservation constraints.
Surety bonds and guarantees
To ensure that buyers follow through with the renovations, municipalities require a surety bond (usually between €2,000 and €5,000).
The risk: If you fail to meet the renovation deadlines agreed upon with the town council, you forfeit the deposit. In some cases, the municipality may even repossess the property.
Bureaucratic and Notary fees
Even though the purchase price is symbolic, the closing costs are not. Registration taxes, VAT, and especially the notary fees are calculated based on the property's cadastral value or standard legal rates. Expect to spend between €2,500 and €4,000 just for the ownership transfer paperwork.
Sourcing labor and materials
Many of the villages offering 1-euro homes are located in remote, inland areas that are difficult to access.
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Logistics: Transporting construction materials through narrow alleys and pedestrianized historic centers drives up costs.
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Labor shortage: In 2026, the demand for construction firms specialized in historic restoration is extremely high. You might wait months before a contractor becomes available to start your project.
Resale value and location
Buying a 1-euro house is not necessarily a "get rich quick" financial investment.
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Saturated market: If many people buy to renovate and flip, the supply in a small village might eventually exceed the demand.
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Isolation: Many of these towns suffer from depopulation and a lack of essential services (hospitals, schools, high-speed rail). Before buying, ask yourself: "Will I ever be able to resell this house if my circumstances change?"
Is it worth it?
Buying a 1-euro house in Sicily makes sense if your goal is emotional and lifestyle-driven, rather than purely speculative. It is an ideal project for those seeking a summer retreat or wishing to contribute to the rebirth of a historic village, accepting the investment of time and money required.
Pro Tip: Visit the village in person, speak with the municipal technical office, and, above all, get a quote from a local surveyor (geometra) before making a formal commitment.
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