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- | ‘I could not afford | + | ‘Americans kickstarted |
- | After spending years traveling | + | 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 than he’d intended after struggling to cope with the rising cost of living. | + | Sambuca’s home sell-offs have seen huge demand, with American buyers rushing to snap up discounted houses |
- | “I really couldn’t afford my mortgage payments and my utilities anymore,” Boris tells CNN Travel. | + | 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. “And I said, ‘I think my money could go a lot longer living overseas.’” | + | 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. |
- | In the summer | + | “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 |
- | “I could not afford | + | 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 to Boris, they had been struggling financially for at least five years, but things came to a head when he left his government job in 2022. | + | 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, | + | While some bidders opted to snap up abandoned ruins, over a hundred Americans purchased ready-to-occupy homes from locals, revitalizing |
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- | While they considered moving | + | |
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- | “We chose Brazil, and Rio specifically, | + | |