Man buys home for €1 (AED4) only to sell it back 

The shortage of workers in Italy’s construction industry has led Danny — a chef who has worked for Jamie Oliver’s Fifteen Foundation unable to build his dream home.

This forced him to sell the property back to an estate agency, receiving his €1 (AED4) payment back.

The shortage of builders occurring all over the country is partly driven by a surge in demand as the government introduced tax breaks offering homeowners up to 110 per cent deductions on expenses relating to energy-efficient home renovations.

While the aim was to offset the economic strain caused by the pandemic, construction workers have been left unable to meet demand, triggering a shortage in workers and an increase in building material costs. 

Danny waited a year before deciding he couldn’t go through with the €1 (AED4) home. 

He said, “It was very difficult to find a builder and over time the house deteriorated. By the time I did find a building company, it was double the cost to renovate it. I decided it was not worth it for me anymore.”

The chef was obviously disappointed with the situation, having enjoyed the quiet life in Mussomeli, a town of just 11,000 people.

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