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Americans Bought Abandoned $1 Homes In Italy — Was It Worth It?

In the late 2010s, towns around Italy started going viral for selling off crumbling properties for 1 euro, or roughly $1.05. How much does it really cost to buy and renovate a 1-euro home in Italy? And is it worth it? CNBC Make It spoke to several Americans who have bought a 1-euro home in Sicily, Italy. Produced, Shot and Edited by: Mickey Todiwala Reported and Narrated by: Jennifer Liu Managing Producer: Beatriz Bajuelos Supervising Producer: Jessica Leibowitz Animation: Elham Ataeiazar , Gene Woo Kim Senior Production Manager: Kathryn Mavrikakis Executive Producer: Kamelia Angelova Executive Editor: Jenna Goudreau Deputy Managing Editor: Ester Bloom Senior Work Editor: Hanna Howard Production Assistance: Valentina Duarte Special Thanks: Nathalie Milazzo, real estate agent in Mussomeli Conversions from euros to USD were done using the OANDA conversion rate of 1 euro to 1.05 USD on Oct. 18, 2023 Subscribe to CNBC Make It: http://cnb.cx/2kxl2rf Want to land your dream job in 2024? Take CNBC’s new online course How to Ace Your Job Interview to learn what hiring managers are really looking for: https://cnb.cx/483dEsg About CNBC Make It: CNBC Make It is a new section of CNBC dedicated to making you smarter about managing your business, career, and money. Connect with CNBC Make It. Online Get the latest updates: https://www.cnbc.com/make-it Find CNBC Make It. on Facebook: https://cnb.cx/LikeCNBCMakeIt Find CNBC Make It. on X: https://cnb.cx/FollowCNBCMakeIt Find CNBC Make It. on Instagram: https://bit.ly/InstagramCNBCMakeIt #CNBC #CNBCMakeIt Americans Bought Abandoned $1 Homes In Italy — Was It Worth It?