VOICED : Sicilian hilltop house on sale for one euro

Gangi, a picturesque village in Italy, faced a population decline as residents left due to poverty. To combat this, the mayor initiated a scheme to sell abandoned houses for one euro, provided buyers restore them within three years. This attracted many foreigners, especially Australians, who found the affordable real estate appealing. The initiative not only revived the local economy by providing jobs for builders but also boosted tourism, bringing new life to the village. Gangi is now seen as a well-regulated and transparent place, with only a few properties left at the symbolic price.

What was the main reason for the population decline in the Italian village?

• Natural disasters

• Poverty and emigration

• Political instability

• Lack of education

What condition must buyers meet when purchasing a house for one euro?

• Live in the house for at least five years

• Restore the building within three years

• Pay additional taxes

• Use the house for commercial purposes

Why are international buyers, like Australians, interested in purchasing property in the village?

• To invest in commercial real estate

• To escape the cold winters

• To learn the local language

• To start a business

How has the real estate initiative impacted local employment?

• Increased job opportunities for builders

• Decreased job opportunities for locals

• No impact on employment

• Led to a decline in tourism

What aspect of the village is reassuring to potential property buyers?

• Its modern infrastructure

• Its reputation for transparency and safety

• Its proximity to the sea

• Its vibrant nightlife