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Garrytrofe

24 Jul 2024 - 07:47 am

Italy’s cheap homes hot spot puts more up for sale
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Dwindling Italian towns have been pulling out all the stops to lure new residents in recent years, with several one-euro home schemes launching across the country.

But while some towns have struggled to find buyers for their abandoned buildings, others have been basking in the glory of successful sales.
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“We just want to make it clear that by numbering these batches, more sales will likely follow in coming years,” newly elected mayor Giuseppe Cacioppo tells CNN. “Foreigners are flocking to buy our homes, it’s been a hit so far.”

Cacioppo encourages potential buyers who are heading to the region to pay the town a visit and check out the 12 or so homes up for grabs this time.

“The timing is perfect,” he says. “Tourists and interested buyers currently traveling to Italy, and those planning a trip in spring and summer can come take a look.”

According to Cacioppo, the available homes, located in the old Saracen district, are as “structurally stable as those so far sold” but in need of a restyle.
Sambuca made global headlines back in 2019 when CNN announced that it was putting 16 dwellings up for sale for one euro. Two years later, the town offered up a second batch of homes for two euros.
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The fire-sale, which lured international buyers as far as the Middle East, has helped to revamp the local economy with an influx of 20 million euros (around $21.8 million,) says Cacioppo.

This includes turnover from new B&Bs, new shops that have opened in the town and contracts with builders, architects, surveyors, interior designers and notaries.

“The two batches of houses, owned by the town hall, revitalized the private real estate sector. People rushing to grab one at auction but didn’t make the final cut bought a cheap house instead. So far, 250 homes have been sold,” says Cacioppo.

Sambuca’s triumphant efforts to sell off its empty homes are largely credited to the fact that the local authorities actually own the abandoned dwellings they hope to offload.

Other depopulated Italian towns, such as medieval village Patrica, located south of Rome, have attempted to launch similar schemes, but struggled to track down the former owners to gain permission to sell their empty homes.

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24 Jul 2024 - 06:54 am

Apple is offering rare iPhone discounts in China
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Apple is offering temporary discounts on its iPhones and other products in China, in an extremely rare move for Apple that comes as competition within Asia’s smartphone market grows more intense.

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As part of a sale pegged to the Lunar New Year event, Apple’s official Chinese website is listing discounts of up to 500 RMB ($70) on the latest iPhone lineup. Other flagship Apple products, including the Mac and iPad, are also going to be discounted up to 800 RMB ($112) and 400 RMB ($56), respectively, as part of the promotion, which runs from January 18 through January 21.

Although third-party sellers at times discount Apple products, Apple itself very rarely offers deals or sales, part of its effort to maintain a premium brand image – something that has been particularly important as Apple seeks to attract high-end buyers in China.

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The move to slash prices on the iPhone comes just over five months after Chinese tech giant Huawei released its latest smartphone, the Mate 60 Pro. The Huawei smartphone has been eagerly embraced by Chinese consumers – so much that its use of an advanced chip has come under scrutiny from US officials.

Around the same time that Huawei’s marquis smartphone was released, the Wall Street Journal reported that China had banned the use of iPhones by central government officials, citing unnamed people familiar with the matter. A Chinese government spokesperson, however, later denied that China had issued any laws or rules to ban the use of iPhones.

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