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Italian village hits the market

Italian village hits the market A property in Italy has just been listed for sale with eBay for 2.5 million euro after the current owners have been unable to find a buyer using the more customary way of selling residential real estate. The property up for grabs is no ordinary lot but a remote Tuscan village featuring twenty five traditional stone cottages – many in a state of total disrepair as the village has lain empty for fifty years. The village of Pratariccia, dating back to medieval times, is spread across eight hectares and is said to resemble a ghost town since the previous occupants left the hamlet in the search for work several decades ago. The current owners have had several interested parties looking to close the deal but to no avail so the original price tag of 5 million euro has been halved – a local Italian real estate agent said the new owner would need to spend a further million to renovate the village in order to make it habitable.
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Published: 06-Jul-12

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