Remember One Euro is worth US $1.29, while 1 USD = 0.7775 EURO, therefore a house in Basilicata, costing €141,430 costs more like $ 183,000 USD.

Finding the Real Estate Deals in Italy 

International Herald Tribune
By Kevin Brass
February 24, 2009

Abruzzo may be the bargain region of Italy, according to a new study.

Italymag.co.uk’s review of its 11,000 listings found traditional country homes and villas—the type of properties often purchased by foreign buyers—cost an average of €837,268 in Tuscany, Italy’s most expensive region, compared to only €227,175 in Abruzzo.

The cheapest buys were in Basilicata, the small region in southern Italy, where farmhouses and rustic homes average €141,430. The most expensive home listed in Basilicata - an estate with four hectares, two country homes and a commercial building—is priced at €800,000, less than the average home in Tuscany, the site notes. The second least expensive region is Calabria, with an average price of €210,329, Italymag.co.uk’s study found.

The restored villas and medieval farmhouses of Le Marche are also a steal compared to Tuscany, with an average price of €332,199. Even Umbria looks cheap when matched against its better publicized northern neighbor, with average prices of €637,129, compared to the €837,268 in Tuscany.

After Tuscany, the most expensive regions were Veneto at €748,410, Lazio at €735,411 and Sicily, with an average price of €705,361.

http://blogs.iht.com/tribtalk/properties/roof/?p=651
 

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