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Italy to auction off palaces, beaches and even whole islands PDF Print E-mail
Written by Natascia   
Wednesday, 07 July 2010 09:50

The Italian government hopes that such will be managed to reduce the budget deficit. For tens of millions, you have the chance to own a small part of Italy. Depending on your budget, you can buy a palace, a whole island or just a piece of beach. Many of the treasures of the Peninsula have been put on sale by the government, in hopes will reduce the budget deficit. Italy sells numerous villas, palaces, beaches and even islands, totaling over three and a half billion euros. The most expensive location is Normanno palace in Palermo. 900 years old, this former royal palace was built at the orders of the second Roger King of Sicily, in a time when the kingdom was the most prosperous in Europe. Not everyone has money for such a palace, considering that the selling price is 96 million euros. With little money, that is 24 million euros, the rich world can buy a luxury villa in Italy: Villa Giulia in Rome is one of the attractions of the Italian capital. Among the most beautiful places on sale by the government are few uninhabited islands that are part of the archipelago in Maddelana. Here is the beach and Caprera, where those interested will have to pay 18 million euros. Have and what - in 2007 was named the most attractive beach. An island slightly more expensive, which is 'only' 6 million, is Santo Stefano, known for its fine sand and the 1,500 meter high mountains, which surround it.

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