Dreaming of owning a home in Italy, but think it’s out of your price range? Good news: cheap real estate in Italy isn’t just a myth. While cities like Rome, Florence, and Milan can be eye-wateringly expensive, there are still plenty of regions where you can buy property without emptying your bank account. In this article, we’ll walk you through five of the most budget-friendly regions for buying real estate in Italy and give you the lowdown on what to expect, what it might cost, and how to go about it.
Why Is Real Estate in Some Parts of Italy So Cheap?
Before diving into the top regions, let’s get real for a second. Why is property so cheap in some parts of Italy?
The answer is simple: depopulation. Many small towns and rural areas have been losing residents for decades. Younger generations have moved to the cities or even left the country for better job opportunities. As a result, thousands of homes sit empty or abandoned. Local governments and owners are often eager to sell, which drives prices down—sometimes dramatically.
But there’s a catch. These low-cost properties often need TLC. Some may require minor renovations, while others might be full-on fixer-uppers. That said, if you’re up for the challenge (or know a good contractor), the deals can be phenomenal.

Who Can Buy Property in Italy?
The great thing is that most foreigners can buy property in Italy, whether for personal use, retirement, or investment. If you’re from the EU, it’s super straightforward. If you’re from outside the EU, like the U.S., Canada, or Australia, Italy has what’s called a reciprocity agreement. Basically, if Italians can buy property in your country, then you can buy in Italy.
You don’t need residency or special permission. The process is open, but you will need an Italian tax code (codice fiscale), a notary, and usually a local real estate agent to guide you through it.
What to Watch Out For When Buying Cheap Property
Buying a cheap house in Italy can be a dream come true—but it’s not always easy. Here are a few things to keep in mind:
- Renovation costs can sneak up on you.
- Some properties are located in remote areas with limited infrastructure.
- You may have to deal with local building regulations.
- Some listings are for shared ownership or partial buildings.
- Language barriers can slow things down.
Still, with the right planning and help, you can totally make it work.
For tips on how to spot a real estate gem, check out this post: All Real Estate for Sale: How to Find Value in Every Market

Top 5 Regions to Buy Cheap Real Estate in Italy
Let’s explore the best spots to snag affordable property in Italy:
1. Calabria
Where is it? The southern tip of the Italian “boot.”
Why so cheap? Calabria is stunning—beaches, mountains, history—but it remains one of Italy’s poorest regions. Young people have moved away in search of jobs, leaving behind a surplus of empty homes.
Average Prices: You can find small apartments for under €25,000. Even a small villa might cost less than €50,000.
The Catch: Many homes, especially in small villages, need serious work. Think new roofs, plumbing, and sometimes structural fixes.
Buy Here If: You love seaside views and warm weather and don’t mind being a bit off the beaten track.
2. Sicily
Where is it? The island off the southern coast of mainland Italy.
Why so cheap? Similar story: rural depopulation and economic struggles. Despite its beauty and culture, many towns are underpopulated.
Average Prices: You can buy properties for less than €30,000 in many parts of the island. Some towns even offer homes for €1 if you commit to renovating.
The Catch: Some of these offers come with obligations—like completing renovations within a certain period.
Buy Here If: You want to experience true Italian island life with sunshine, seafood, and ancient ruins all around.
3. Abruzzo
Where is it? Central Italy, east of Rome.
Why so cheap? Abruzzo offers mountains, national parks, and seaside towns, yet remains underrated and underdeveloped for tourism.
Average Prices: Small homes can be found from €30,000 to €60,000, depending on location.
The Catch: Infrastructure may be lacking in more rural areas, and properties may require restoration.
Buy Here If: You love hiking, skiing, or countryside living and want to be a couple hours from Rome.
4. Molise
Where is it? Nestled between Abruzzo and Puglia.
Why so cheap? Molise is Italy’s second least-populated region. It’s often overlooked, which means more bargains for you.
Average Prices: Expect to pay as little as €15,000–€40,000 for a village home.
The Catch: Properties may be remote, and services like internet or public transport can be limited.
Buy Here If: You crave peace, slow living, and unspoiled nature.
5. Le Marche
Where is it? Central Italy, along the Adriatic coast.
Why so cheap? Le Marche is more developed than others on this list but still offers value compared to neighboring Tuscany and Umbria.
Average Prices: Around €50,000 to €80,000 for a countryside home. Restoration-ready farmhouses can be even cheaper.
The Catch: Some areas have been affected by earthquakes, so be sure to check structural integrity.
Buy Here If: You want rolling hills, vineyards, and access to beaches—all without the Tuscan price tag.
Comparison Table: Average Property Prices in Affordable Italian Regions
Region | Typical Price Range | Renovation Needed? | Great For |
---|---|---|---|
Calabria | €15,000–€50,000 | Often | Seaside living, warm weather |
Sicily | €1–€40,000 | Usually | Island lifestyle, food lovers |
Abruzzo | €30,000–€60,000 | Sometimes | Nature lovers, proximity to Rome |
Molise | €15,000–€40,000 | Often | Peaceful living, hidden gems |
Le Marche | €50,000–€80,000 | Occasionally | Balanced lifestyle, vineyards |

How to Buy Real Estate in Italy (Step by Step)
Buying a home in Italy isn’t wildly different from buying one anywhere else, but here’s a quick breakdown:
- Get a Codice Fiscale (Italian tax ID) – You’ll need this to sign any documents.
- Hire a Real Estate Agent – Preferably one that speaks your language and knows the area.
- Visit Properties – Pictures can be deceiving, so always view in person if possible.
- Make an Offer – Negotiation is expected.
- Hire a Notary (Notaio) – They handle the legal side of the transaction.
- Sign the Preliminary Contract (Compromesso) – Often includes a deposit.
- Finalize with the Rogito – This is the final deed transfer.
Renovating a Cheap Property: Is It Worth It?
If you find a disused building for sale, don’t be scared off. Many buyers turn these into gorgeous homes, boutique hotels, or rental properties. Renovation costs can vary wildly depending on size, location, and condition. Hiring a local geometra (a type of building surveyor) is a smart move. They’ll help you navigate permits and restoration rules and keep your project on track.
A well-restored property can be worth far more than your total investment.
Final Thoughts: Is Buying Cheap Real Estate in Italy Right for You?
Buying real estate in Italy doesn’t have to cost a fortune. With a little patience and research, you could end up with your dream home—or a great investment. Whether you’re hunting for a retirement spot, a summer getaway, or a renovation project, Italy has options to suit all tastes and budgets.
So, go ahead. Browse those listings. Book a viewing trip. Who knows? That charming little house on a cobblestone street might just be yours.