Sicily home prices are collapsing 😳

Someone I know bought one years ago. They lost €60k euro. Buying was easy but you have a strict timeline to renovate. Italian contractors are apparently a nightmare; they don’t show up, get paid and don’t work, excuses, ultimately were swindled and couldn’t meet deadline.

what's the process if a non european wants to buy this property.?

Why? What happened to the population?

Whose video is this? Credit?

Why isn’t china snatching them up 🤔

Home prices are not collapsing at all. It’s small towns once fully relying on agricultural economy which in decades has been nearly dismissed so the population progressively moved to bigger cities. Anyway you have to renew, the place is a phantom village with no services at all.

@grok what's the process if a non european American wants to buy this property? Are there additional fees or regulations? Would the homeowner need to exit and return after a few months? Explain in detail because I’m a serious buyer.

now show the wages

Also you forgot to factor in the overhead cost of paying the monthly mafia tax.