Dreaming of a charming Italian getaway? Sambuca di Sicilia, the picturesque town that made headlines in 2019 for selling homes for a steal, is back with another tempting offer.

This time around, ten properties in the town’s historic Saracen district are hitting the auction block with a starting price of just €3. Yes, you read that right – practically the price of a gelato!

Second Time’s the Charm

This isn’t Sambuca’s first rodeo. Following successful sales in 2019 and 2021, which injected a cool €20 million into the local economy, the town is hoping to replicate the magic. Buyers from all corners of the globe, including the US and the Middle East, flocked to grab a piece of Italian paradise, proving that the allure of “la dolce vita” is as strong as ever.

What’s on Offer?

Picture this: charming two to three-bedroom houses, bathed in the warm glow of honey-hued stone. These historic gems, some boasting internal courtyards shaded by fragrant lemon trees and adorned with vibrant majolica tiles, offer a taste of authentic Italian living.

These houses, abandoned after an earthquake in 1969, are owned by the local council. This means a smoother, hassle-free buying process compared to towns where private ownership complicates matters.

The Catch?

Before you pack your bags and brush up on your Italian, there are a few things to bear in mind.

Firstly, the €3 price tag is just the starting bid. Previous auctions saw similar properties snapped up for between €5,000 and €10,000, so be prepared for some friendly competition.

Secondly, these historic homes are full of potential but require some TLC. Be ready to roll up your sleeves and invest in renovations. Expect to spend at least €30,000 for basic refurbishment, with costs potentially exceeding €200,000 for a complete makeover. Don’t drag your feet though – renovations must be completed within three years to avoid forfeiting your €5,000 deposit.

More Than Just a Bargain

Sambuca’s “houses for the price of an espresso” have breathed new life into this charming town. The influx of new residents has spurred economic growth, leading to a boom in construction, new businesses, and even co-working spaces for digital nomads.

The influx of American buyers has earned the town the nickname “Little America,” showcasing how these initiatives can transform communities.

Ready to swap grey skies for sunny Italian days? Head to the Sambuca town council website to view the properties and submit your application. But hurry, these charming homes are sure to be snapped up quickly!