You’ve probably heard about Sicily’s €1 homes scheme.
Towns across the island offer abandoned properties for a symbolic €1 to attract new residents and revive their historic centers.
The idea sounds almost too good to be true. But do these homes really exist? And are they actually a good deal?
I sent RETA Editorial Director and scout Ciaran Madden to Sicily to learn more.
The €1 homes are legitimate. But as Ciaran explored the island’s ancient hill towns, he uncovered another kind of opportunity—one that’s much more compelling.
That’s what Ciaran and I dig into in Episode 3 of our new weekly YouTube show.
Click below to watch now.
For this episode of my new YouTube show, I’m joined by my Editorial Director and scout, Ciaran Madden, to dig into the opportunity in Sicily.
If you’ve been following my YouTube channel, The Ronan McMahon Report, you’ll know that every Thursday I share a deep dive into one of the key destinations on my beat.
Those videos give you the big picture.
The “Paths of Progress” transforming each destination, the investment case, the rental market, and the basics of buying and owning there…
My new show, The Ronan McMahon Report Live—which drops each Monday—is more informal. It’s a fast-moving conversation between me and members of my team about everything we’re seeing on the ground.
Today we’re talking about Sicily.
This is one of the most captivating places in Europe.
Mount Etna…charming beach towns…ancient ruins…vineyards, olive groves and stunning hilltop villages…
And real estate prices that can seem almost impossibly low.
When Ciaran scouted the island, he found compelling homes in historic towns from around €30,000 to €40,000—some requiring little more than basic cosmetic work.
His experience mirrored my own when I scouted Gangi years ago, one of the towns that pioneered the €1 home idea
These aren’t properties you buy expecting to get rich.
But if you dream of an affordable European escape…a place where you can slow down and immerse yourself in Italian village life…they could represent remarkable value.
Watch now to learn:
- How Ciaran found a four-story Sicilian home with marble floors and countryside views for just €35,000…
- What I look for when deciding which of Sicily’s hill towns are worth considering…
- Why the “premium homes” Ciaran toured offered much better value than the €1 properties…
Click here to watch the episode now.
Wishing you good real estate investing,
P.S. Make sure to subscribe to my channel here and turn on notifications so you don’t miss future episodes of The Ronan McMahon Report Live.
