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Thought house prices had crashed here? In Sicily they cost one euro

01-Sep-2008
Story Timeline:  92 days

The villas are set in the Sicilian hills, with spectacular views over the Mediterranean. Your future neighbours could be celebrities such as Peter Gabriel, the Genesis singer, and Massimo Moratti, the owner of the Inter Milan football team. And then there is the price: a tidy one euro apiece. The catch is that you have just two years to restore the homes, which were abandoned after an earthquake 40 years ago.... [read full story]                    

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Latest article on this story:

Sicily mayor offers bargain homes for a single Euro

digitaljournal.com 03-Sep-2008
First article on this story:

Sicilian mayor offers historic houses for €1 each

guardian.co.uk 01-Sep-2008
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