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Man clears £10k debt by buying 85p house in Sicily.
Summary
A man bought a dilapidated house in Mussomeli, Sicily under Italy's one euro scheme in December 2022 and says income from social media and lower living costs allowed him to clear about £10,000 in debt within two years.
Content
A man purchased a low-cost house in Mussomeli, Sicily as part of Italy's one euro scheme and moved in during December 2022. He had been made redundant from a night shift job and was carrying about £10,000 in debt. While renovating the property, he shared the process on social media and ran paid seminars and a relocation guide. He now reports owning two freehold properties in Italy.
Key details:
- The purchase was a dilapidated three-bedroom house acquired through the one euro scheme and renovated with roughly £2,000 in outlay, according to his account.
- He documented the renovations on TikTok, Instagram and Facebook and says the resulting income helped him pay off around £10,000 in debt within two years.
- He has since bought a second property, sold a relocation guide, and says he plans to expand his renovation activities.
Summary:
According to his account, lowering living costs and generating income from online content enabled him to eliminate about £10,000 in debt and to own two properties in Sicily. Undetermined at this time.
