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- | ‘Americans kickstarted | + | ‘I could not afford |
+ | After spending years traveling the world while working in the United States military, Christopher Boris dreamed of one day moving overseas permanently. | ||
- | Of the many depopulated Italian towns to launch bargain home schemes | + | But the retired veteran, who grew up in New Jersey but was based in Maryland at the time, ended up relocating earlier |
- | Sambuca’s home sell-offs have seen huge demand, with American buyers rushing to snap up discounted houses in the hillside town for a symbolic €1 in 2019 and €2 in 2021. | + | “I really couldn’t afford my mortgage payments |
- | Previously largely unknown, even to some Italians, Sambuca has since welcomed so many Americans that it’s been nicknamed | + | “I struggled. I was living off of VA disability,” Boris says, referring to a tax-free monetary benefit paid to veterans with disabilities. |
+ | In the summer of 2024, Boris and his wife Maria Jesus, originally from Bolivia, left the US to start a new life in Brazil. | ||
- | But according to the town’s mayor Giuseppe Cacioppo, this US buyer trend has changed or, at the very least, slowed down. Now it’s Italians who are snapping up the town’s abandoned homes. | + | “I could not afford |
- | “Something weird happened with this third batch of auctioned homes; we thought more Americans would apply, so we were amazed that for the first time ever it was mainly Italians from all over Italy,” Cacioppo tells CNN. | + | |
- | Sambuca has placed dozens of dwellings on the market over the years in a bid to revive the community, which has suffered from depopulation as residents move to bigger cities. | + | According |
- | In both past editions, the number of requests, mostly from the US, to purchase neglected homes was so high that local authorities had to place the old abandoned properties at auction. | + | “It was a year-long decision,” he adds. “My wife and I were always talking about moving overseas.” |
- | While some bidders opted to snap up abandoned ruins, over a hundred Americans purchased ready-to-occupy homes from locals, revitalizing the area’s dwindling real estate market. | + | While they considered moving |
+ | |||
+ | “We chose Brazil, and Rio specifically, | ||