CNBC Make It | Americans Bought Abandoned $1 Homes In Italy — Was It Worth It? @CNBCMakeIt | Uploaded February 2024 | Updated October 2024, 1 week ago.
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
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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: 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: bit.ly/InstagramCNBCMakeIt
#CNBC
#CNBCMakeIt
Americans Bought Abandoned $1 Homes In Italy — Was It Worth It?