Ever dreamed of owning a home in Italy? According to CNN, Ollolai, a destination in the mountain region of Barbagia on the Mediterranean island of Sardinia, is selling hundreds of abandoned homes for just €1 ($1.2). The hope is that the unbelievably low prices will help revive this village and others that
“We boast prehistoric origins,” said Efisio Arbau, Ollolai’s mayor to CNN. “My crusade is to rescue our unique traditions from falling into oblivion. Pride in our past is our strength. We’ve always been tough people and won’t allow our town to die.”
So, what’s the catch? You will have to put in some serious work and eventually, a bit more money. Most of the homes are in very poor condition and buyers must commit to a refurbishment within three years, which will likely cost about $25,000.
Previously, buyers were expected to shop for these homes online and unseen, now it’s even easier to own your $1 Italian dream villa thanks to new websites giving potential buyers more details about each home including photos of the exterior, interactive maps, and information in English. Any approved buyer will still have to travel to Italy to finalize the sale.
Heritage councilor Toti Nigrelli told CNN that there are about 100 houses for sale now and another 400 that may become available in the future in the Sicilian town of Mussomeli.
If this sounds like your European home owner dream, you can browse available homes in Zungoli by clicking on the link “Case in Vendita a €1” on the left side and homes in Mussomeli, by visiting the official home sale website.