Luxury Real Estate Blog and News
When the first Greek colonisers saw the volcanic little islands that surround Sicily they must have thought that they were imposing and fearful, as they decided to move the residence of Hephaestus, the Greek God of Fire, from Greece to the Aeolian Islands. Now these islands provide unique landscapes, each with its own characteristics and strong identity. Sicily's islands are a wealth of history and folk traditions, such as the tuna fishing off the Egadi Islands, of typical buildings such as the Aeolian houses and Pantelleria's dammusi, of stunning views and wonderful sea-swimming, great beaches and marine reserves that are the ideal places for all the nature and diving lovers.
The bottom has dropped on real estate prices in the scenic Sicilian coastal town of Salemi, and potential buyers can secure properties for the incredible price tag of just one Euro (US$1.5). Ah, but there’s a catch: the bottoms of the actual 3,700 houses for sale have literally dropped out as well. Salemi, just 72 km from Palermo, was devastated by an earthquake some 40 years ago, reducing the centre of the quant Italian village to rubble. Now, in an effort to rebuild the area, Salemi’s art historian-turned mayor Vittorio Sgarbi is offering the properties to international buyers for the price of a postcard.
Sicily - Italy’s number one tourist destination in 2009 - is becoming more and more popular for those who want to buy a house. British and German buyers, that are also being joined by people coming from eastern Europe, are finding a good opportunity to invest in the island’s properties, the possibility to make their wish come true and change their lives at the same time. A recent article published on the Financial Times (on the 22nd of August 2009) states that the island “is one of the last outposts of traditional Italian life”. Sicily sits just 3km off Italy’s coast but remains a ”world apart” - according to the famous newspaper - where survive the ancient soul and the traditional way of life, always loved by foreigners.