Italy’s Great Real Estate Sell-Off

Fancy owning a piece of Italian history or culture? Or maybe you fancy your own island off the coast of Sardinia or Venice? If you have the cash, you may be in luck as the Italian government is set to sell off around 9,000 properties.

Amongst the sale are palaces, beaches, islands and forts estimated to be worth in the region of $6 billion. Italy’s current debt is around $2.3 trillion.

Some of the highlights of the sale include:

Villa Giulia Museum, Rome
Built on the outskirts of Rome by Pope Julius III in the 16th century, this beautiful museum will be up for sale although it is currently unclear as to whether the objects within the building will come with the sale or not. The National Etruscan Museum has an art and relic collection dating back to 600 BC and is famed for its frieze of ancient Greek boxer Kreugas eating his opponent’s brain.

Caprera Island, off Sardinia
Caprera Beach is a tourist hotspot that was named World’s Sexiest BEach in 2007. The 45 miles of coastline is home to a wide range of sea birds and wild goats called capra that give the beach it’s name.

Santo Stefano Island, The Pontine Islands
This deserted island houses an abandoned 18th century prison that closed it’s doors in 1965.

Other real estate up for sale includes a 900 year old Norman palace in Palermo, real estate along the Dolomite mountain chain, and a beach on Lake Como.

The Agenzia del Demanio, the government agency that controls the national treasures, will first offer the real estate to local and regional councils who will then be able to sell them over the internet.

However not all are happy about the property and real estate sale – in particular from environmentalists and opposition MPs who claim that much of the land, which is currently largely protected areas, will be developed on.

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  1. Frederique Terwey | Jul 6, 2010 | Reply

    Villa Giulia Museum, RomeBuilt on the outskirts of Rome by Pope Julius III in the 16th century, this beautiful museum will be up for sale although it is currently unclear as to whether the objects within the building will come with the sale or not. The National Etruscan Museum has an art and relic collection dating back to 600 BC and is famed for its frieze of ancient Greek boxer Kreugas eating his opponent’s brain.
    +1

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