European houses in Monti Scìaga near Lake Como up for sale for bargain basement price
If you thought living the high life alongside George and Amal on Lake Como is financially out of reach, would you reconsider for $1.50?
Sounds too cheap to be true? Well, here’s the catch. You’ll have to commute in order to rub shoulders with the Clooneys and their celebrity pals, you’re going to need a flair for renovating ruins and probably a few words in Italian.
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Monti Scìaga, a remote town in Italian-speaking Switzerland right on the border between the two countries, is the latest in a number of small European settlements to offload run down residences for peanuts in the hope of revitalising vanishing villages.
There are homes for sale at just one Swiss franc (or $AUD 1.45) and although the properties are apparently in need of significant renovations there is running drinking water, which is a start.
Sciaga also offers future residents an unobstructed view over all of Val Veddasca down to Lake Maggiore, which was depicted in Ernest Hemingway’s novel A Farewell To Arms.
The village is approximately 110kms north of the fashion hub of Milan and only 64kms from the VIP playground of Lake Como.
Como, perhaps the most famous Italian lake, has been notably linked to George Clooney who paid $US7 million for a run down villa on its shores in 2001.
Since then his renovated party pad has played host to numerous celebrities, in particular the various casts of the Ocean’s film franchise.
Billionaire Richard Branson also owns at the lake as does John Lennon’s son Julian; the lead singer of Muse, Matt Bellamy; and in the past Madonna as well as Gianni Versace had real estate on the well-known waterfront.
These cheap as chips homes in the nearby mountains are on offer with the understanding that buyers would be expected to make swift renovations in accordance with the local heritage order.
“It is a mountain nucleus almost completely abandoned since the 1970s, but has maintained its original structure with traditional architectural elements,” the online marketing material says in Italian.
“Many buildings are now in ruins, but in spite of this, it’s a charming village worthy of protection.”
This is not the first village to draw international attention by charging a nominal amount to purchase local homes.
Sambuca in Sicily recently sold off properties starting at just €1, the Sardinian town of Ollolai announced last year that it was selling 200 houses, also for €1 to attract new residents, Mussomeli in Sicily Zungoli in the Campania offloaded homes for $US1 and the northern Italian township of Locana actually offered to pay people around $AUD15,000 to move there — as long as they had a child and a salary.
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