Express.co.uk
'I got sick of extortionate house prices - so I bought £30k house in Italy'
Lauren Scott quickly realised she wouldn't be able to afford a house in California, so she bought a cheaper house in Italy for £30,000 without having…
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How an American Bought a Home in Italy for Under $50,000
Buying a Home in Italy: An American's Guide to Affordable Housing Finding an affordable home is a challenge worldwide. For Americans, the dream of owning property often seems out of reach. However, some are finding opportunities in unexpected places. Lauren, an American living in Italy, recently purchased a home for under \$50,000. Her journey dispels the myth of readily available \"1 euro homes\" and offers practical advice for those considering a similar path. \"The truth is, there are no 1 euro houses,\" Lauren explains in her recent TikTok video. \"The hidden cost is the requirement to spend hundreds of thousands on renovations within a tight timeframe. Dealing with Italian contractors can be a real challenge.\" Lauren advises potential buyers to focus on habitable properties under \$50,000. She stresses the importance of searching Italian real estate websites, not English-language ones, which often inflate prices. Furthermore, she emphasizes the need for a translator, lawyer, and real estate agent, and the effectiveness of phone calls over emails for communication. Lauren's experience highlights the importance of thorough research and local expertise when navigating international real estate. Her story offers a valuable lesson for those seeking affordable homeownership options abroad.
