An Italian city is putting houses on the market for really, really cheap.
Today is a great day for you if you’ve got a dollar to spare and a deep appreciation for the Italian mountainsides. The tiny Italian town of Ollolai is putting abandoned houses on the market for just 1 euro, or $1.20, which shouldn’t throw your budget out of wack too much.
Like other Italian towns before it, Ollolai is facing a shortage of young people. Its population has shrunk from 2,250 to 1,300 in the last 50 years, CNN reports, and if it wants to stay alive, it has to lure in outsiders. The $1 stone houses are empty and rundown, so there’s a caveat to all this: Buyers must commit to refurbishing the homes in three years, which would cost an extra $25,000, bringing the total price of these houses up to $25,001.
Ollolai is located in the middle of Sardinia, an Italian island in the Mediterranean with mountains, cliffs, and luxurious beaches. Ollolai itself is near protected forest land and sits just an hour away from the cliffs of Cala Gonone, where you can snorkel and scuba dive in the sea. As one resident told CNN, “The fresh air, zero smog, and great views have healing power. My bones and back don’t hurt anymore.” Quite the endorsement.
There are 200 homes available, and Ollolai’s mayor says he’s already received 100 applications. You can apply here—hopefully, you know a bit of Italian. All things considered, it’s a small price to pay for a quiet life surrounded by Italian mountain views.