Can We Do a Mortgage?
Yes. All Eurozone countries offer traditional mortgages. 20% down and fixed rates between 15-30 years. Current average rate is 3.5%.

Taxes and Insurance
TBD. Still researching the equivalent of a PITI.

Status Requirements
You do not need to be a citizen of Italy/Europe to purchase and own a home. Without a visa or citizenship status you will always be limited to 90 days per year as a tourist. Otherwise you need to file for a residency visa or pursue citizenship.

Co-Signing
TBD. Still researching if there are any limitation or things to consider differently with multiple buyers on a home.

Listing Sources
Sotheby’s International Realty and Idealista are the most reputable sources. Idealist will feature recognizable real estate names like Remax. Sotheby’s typically has well vetted, renovated homes. Despite it featuring multi-million dollar luxury homes, it also features smaller homes and properties within our price range.

Buying a 1 Euro Home
As one can imagine, it’s not a project for the faint of heart. Many of the homes on Sotheby’s are success stories from that market hence being priced as they are. I do have a family friend who has just completed renovations on a project like this in Sicily and they would be able to offer great advice. Though it’s not just cost. It’s liability, permitting, paperwork filing, and a lot of things that are ideal when one has six figures of liquidity to dedicate to it. These 1 euro homes are acquired all the time by people who know how to get the work done and or have the liquidity to not sweat it. It might be better to look at purchasing a renovated home rather than taking on this project.