Budelli Island, famous for its unique pink sand beaches, was sold at an auction for €2.94 million. An entrepreneur from New Zealand became the new owner of the island, said ee24.com citing italia-ru.com.
However, there is a possibility that the Ministry of the Environment of Italy or the National Nature Reserve of La Maddalena in 90 days may exercise the right of first refusal for the island and offer the same amount of money. In such a case, the island will again become state property.
Budelli island was put up for sale because of the bankruptcy of its previous owner - real estate agency in Milan. According to the lawyer of the new owner of the island, his client intends to make every effort to ensure that the unique natural environment of the island is not affected.