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Feb
2018
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This picturesque town in Italy is selling homes for €1!

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Ever dreamed of living in a beautiful city like Italy and owning a house there?

Well, now you can own a house in Italy that too in less than  €1! No kidding.

Ollolai is a beautiful town in the mountain region of Barbagia on the island of Sardinia, where Ollolai’s mayor, Efisio Arbau, has decided to sell 200 abandoned stone dwellings for just 90 pence.

Apparently, the population of the town has drastically reduced from 2,250 to 1,300 with few babies born each year, leaving some of the houses in an extremely poor condition.  

All buyers must commit to restoring each dwelling, which is in a poor condition, within three years at an estimated cost of up to €30,000 (£26,000).

They can sell their home after five years if they wish.

The scheme has been launched by the mayor to stop the town from becoming a ghost town. The mayor is confident that people will be interested in buying the houses because of the irresistible beauty of the town.

Since it was featured by various media outlets over the last six months, the number of applications increased to 120 by late 2017, many coming from overseas.

Hurry up! The deadline for filling up the applications is February 7.

 

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