Troina: The Italian town that will pay you to restyle a €1 home | CNN

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Troina: The Italian town that will pay you to restyle a €1 home

Published 5:54 AM EST, Thu January 14, 2021
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<strong>Bargain homes: </strong>The town of Troina in Sicily is joining the likes of Mussomeli and Zungoli by putting dozens of abandoned homes on the market for one euro.
Bargain homes: The town of Troina in Sicily is joining the likes of Mussomeli and Zungoli by putting dozens of abandoned homes on the market for one euro.
Courtesy Comune Troina
<strong>Revitalization scheme:</strong> Local authorities are keen to attract new residents to the town's dwindling ancient district.
Revitalization scheme: Local authorities are keen to attract new residents to the town's dwindling ancient district.
Courtesy Comune Troina
<strong>Rescue plan</strong>: "I want to save our old district from the grave and recover its lost grandeur, when it was the Norman capital of Sicily," Mayor Sebastiano Fabio Venezia tells CNN Travel.<br />
Rescue plan: "I want to save our old district from the grave and recover its lost grandeur, when it was the Norman capital of Sicily," Mayor Sebastiano Fabio Venezia tells CNN Travel.
Courtesy Comune Troina
<strong>Availability:</strong> There are roughly 30 one euro abodes immediately available, while another 100 homes are likely to go on the market soon.
Availability: There are roughly 30 one euro abodes immediately available, while another 100 homes are likely to go on the market soon.
Courtesy Comune Troina
<strong>Sale conditions: </strong>Buyers must pay a deposit guarantee of 5,000 euros, which will be returned to them once the renovation work is complete.
Sale conditions: Buyers must pay a deposit guarantee of 5,000 euros, which will be returned to them once the renovation work is complete.
Courtesy Comune Troina
<strong>Renovation project: </strong>While the final restyle plan can be submitted a year after purchase, work must begin two years after the buyer acquires the property.
Renovation project: While the final restyle plan can be submitted a year after purchase, work must begin two years after the buyer acquires the property.
Courtesy Comune Troina
<strong>Dwindling district:</strong> The ancient district is around 500 meters or so from the newer, more populated areas of Troina.
Dwindling district: The ancient district is around 500 meters or so from the newer, more populated areas of Troina.
Courtesy Comune Troina
<strong>Close vicinity: </strong>The districts are connected by narrow cobbled alleys and arched ornate passageways.
Close vicinity: The districts are connected by narrow cobbled alleys and arched ornate passageways.
Courtesy Comune Troina
<strong>Scenic town: </strong>Troina is a member of the elite club of I Borghi Più Belli d'Italia, also known as Italy's most beautiful small villages and towns.
Scenic town: Troina is a member of the elite club of I Borghi Più Belli d'Italia, also known as Italy's most beautiful small villages and towns.
Courtesy Comune Troina
<strong>Neglected:</strong> The historical center has been struggling over the past few decades.
Neglected: The historical center has been struggling over the past few decades.
Courtesy Comune Troina
<strong>Moving on: </strong>Over the years, locals have packed up and moved to more modern houses around Troina, or left the town completely.
Moving on: Over the years, locals have packed up and moved to more modern houses around Troina, or left the town completely.
Courtesy Comune Troina
<strong>Stunning views:</strong> Set at 1,100 meters altitude, Troina is known as the "Balcony of Sicily" for its spectacular panorama.
Stunning views: Set at 1,100 meters altitude, Troina is known as the "Balcony of Sicily" for its spectacular panorama.
Courtesy Comune Troina
<strong>Cash incentives:</strong> Town officials are prepared to reward those willing to become a permanent resident with 8,000 euros toward buying a home in the town that doesn't require upgrading.
Cash incentives: Town officials are prepared to reward those willing to become a permanent resident with 8,000 euros toward buying a home in the town that doesn't require upgrading.
Courtesy Comune Troina
<strong>Beautiful landmarks:</strong> The town is also home to Church of Maria Santissima Assunta, the first cathedral founded by the Normans in Sicily.
Beautiful landmarks: The town is also home to Church of Maria Santissima Assunta, the first cathedral founded by the Normans in Sicily.
Courtesy Comune Troina

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