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Man moved to Sicily and bought an 85p house after £10k debt from London
Summary
A 33-year-old man from London says he cleared about £10,000 of personal debt after buying an 85p property in Sicily under Italy's one-euro housing scheme, renovating it and earning more through social media and paid seminars.
Content
A 33-year-old man from Camden, London, moved to Sicily after accumulating roughly £10,000 in debt. He bought a dilapidated three-bedroom property in Mussomeli for 85p under Italy's one-euro housing scheme and carried out renovations. He documented the work online and reports increased income from social media and seminars, which he says helped clear his debt and fund a second purchase.
Key facts:
- The article reports he amassed about £10,000 in debt while living and working in London, partly due to high rents and earlier spending.
- He purchased the Mussomeli property in December 2022 for 85p and spent around £2,000 on renovations, according to the piece.
- He documented renovations on TikTok, Instagram and Facebook, and the article says he now runs online seminars and claims to earn about twice his previous London salary.
- The report states he holds 100% freehold of both Sicilian properties and is converting a second building into studio apartments.
Summary:
The move to Sicily is described in the article as reducing living costs while generating new income from content and seminars, which the subject says allowed him to eliminate his outstanding debts and buy a second property. He is reported to be planning further renovation projects and hopes to expand into larger buildings and a property business in the future.
