In order to repopulate the picturesque villages of Italy, local mayors are selling vacant villas for $1. Yes, really.
One of the unexpected positives of the pandemic is the re-examination of our priorities. Chiefly, more and more people are looking to ditch the cities forever and find their own piece of perpetual exclusion. Fortunately, there are 44 centuries-old picturesque towns in Italy that need young blood. They’re so keen on you, in fact, that they’re offering to sell you homes for $1.62.
The ‘€1.00 House Project’ serves three purposes. It saves abandoned houses from condemnation, repopulating historic towns with dwindling populations, and allowing young people a super-easy entrance into the real estate market. for the purposes of investment or starting a family.
The project allows mayors of small towns to put their empty properties up for sale for just one euro. Housing agreements are for three years typically and struck with a deposit of €5,000 ($8,900 AUD) to ensure the property will be restored.
The properties must be turned into a restaurant, a B&B, or a normal home, with semi-permanent residence a requirement, as reported by CNN, who investigated the issue.
However, those in possession of curiosity have options.
Pignone – La Spezia – Liguria
The beautiful town of Pignone, or “feather,” is located in the La Spezia Province of southeast Liguria, near the Cinque Terre National Park.
“Ancient is the history of Pignone that dates back to some finds in the Bronze Age,” writes the listing on the €1.00 House Project website. “The village is without walls but the compactness of the houses, leaning against each other, forms a defensive barrier along the canal that crosses it. To enter the village you have to cross a characteristic Romanesque bridge in the form of a “donkey’s back” built around 1500.”
Pignone is the proud regional home of polenta. At the end of summer, hundreds attend the farmer’s festival to showcase the local products.
Sambuca – Agrigento – Sicily
A hilly town about 900 feet above sea level, Sambuca is home to 6,000 and is famous for being one of the most beautiful villages in Italy.
It was one of the first towns to offer old houses for €1.00, and it’s famous for sheep cheese, focaccia, and is part of the National Association of Wine Cities.
There’s a regular theatre, you can hike on the nearby mountain, and the beach is a short drive away. Literally what’s not to love?
Oyace – Aosta – Valle D’Aosta
Located in one of the lesser-known regions of Italy, Oyace is a tiny little mountain hamlet that offers prospective home buyers a totally different kind of Italy.
“The mayor Stefania Clos is eager to repopulate her mountain village, where 200 people currently reside,” reads the listing on the website. “From Roman times, the town of Oyace has its main economic resource in the breeding of livestock and an excellent producer of Fontina.”
Just look at it. Trekking, climbing, running naked across the Piste. Whatever you want.
Romana – Sassasri – Sardinia
Surrounded by karst rock landscapes and evidence of prehistoric civilizations, Romana is not your average island town. Instead, a house in Romana, with its muraled streets and walls will make one feel part of a very old way of life.
Numerous nearby churches lie carved into the walls of cliffs or established in caves, while the agropastoral life which dominated this elevated volcanic plain means that amazing local meat and cheese is available for cheap.
“For those who love nature and immersion in ancient history, Sardinia and the municipality of Romana are the right places to plan your dream 1 Euro House Project,” writes the website. “We must not forget that you are only a 45-minute drive away from the most beautiful sea in Sardinia.”