Those houses in Italy are they too good to be true

[hellohellooo]

Now I know that they will be very run down

Lots of work needed

But

Just wondering if anyone knows if the ones ranging 20-30k are even worth looking at to buy and to do up ???

I think that I know what you mean, having read articles about people who have bought one and made it into their dream home.

They are probably very rural, in a de-populated area and possibly even lacking mains services. A lot of side roads in rural Italy are just rough tracks. So it would be a difficult project!

Houses sell at the cost of a house, so if they are selling for that now, that will indicate their resell value. Once they've been done up, are they going to be worth the money that's been invested? I'd imagine houses at that price are in an area of high unemployment?

DM bought a house in rural Spain a few years ago, it was cheap because there wasn't a market, once she had done it up and went to resell years later she had lost lots of money on the project and it took a long time to find a buyer. And now with Brexit unless you have an EU passport you are restricted in how much time you can spend in Italy too.

I agree. I used to live in rural Italy, and high unemployment, lack of infrastructure, and huge issues with corruption and gangs make doing a place up if you’re not onsite unbelievably difficult. Even worse if you don’t speak the language well, and the local dialect, have no local contacts, and reliable people on your side. The paperwork for this is ridiculous. And Brexit brings a whole other level of problems. Depending where you buy, you also have to consider the risk of earthquakes…many on these ghost town properties have been damaged by earthquakes in the past, and locals won’t touch them. They prefer newer houses with good heating and reliable electricity supply. Caveat emptor!

Wow so helpful

Yes very good points

Plus the gang problems
My god !!!!!

Was looking at Majorca and the prices are insane