The USD Euro exchange rate means that it is the perfect time to buy a property in Italy. And they cost even less in Sicily. Remember that for a house of around 100.000 euros you need to add 10% for purchase costs. There are no limits for a US citizen who wants to buy a property in Italy. Any problems are more likely to come from the IRS than from Italy. That’s not to say buying a house in Italy is necessarily a walk in the park, but with the right help you’ll find it is much easier than you perhaps think.