We’ve all seen the ads offering fixer-uppers in an Italian village for just one Euro, and while they seem to be genuine attempts by the local community to re-generate life in their town, it doesn’t seem a simple investment, somehow.
Hundreds of Americans have bought into the schemes, nevertheless, so CNBC recently went to Italy to follow up. In good news, they found that although the restorations usually cost many thousands of additional euros, the idea has proved to be a good deal for both the towns and most of the home buyers.
