You Can Buy a House in a Beautiful Italian Town for Just a Dollar


Are you dreaming of buying a new home, but the price tag is preventing your purchase? Are you tired of this cold weather and wish you could be the living the island life year-round? Are you wanting a change of pace from the busy American life and would rather relax in a quiet — but beautiful — Italian town? Well, you’re in luck. Officials in Ollolai, Italy, are selling homes for a ridiculous price: just €1, which is $1.24.

The mayor of the quaint town, Efisio Arbau, is trying to save the town after a decline in its population. Right now, only 1,300 people live in Ollolai, and he wants to bring in more residents. “Pride in our past is our strength,” Arbau told CNN. “We’ve always been tough people and won’t allow our town to die.”

Sardinia beaches

(Photo Credit: Getty Images)

The town used to be bustling but has quieted down due to younger people moving away, CNN reports. A quiet place without younger, louder people… it sounds like the perfect vacation spot! Although the younger generation might be gone, apparently the townspeople left behind are quite welcoming. “Residents are so open and friendly they make you feel at home,” Vito Casula, who just bought a two-story home in Ollolai, tells CNN. “They never allow me to pay for anything at the bar and constantly invite us over for lunch and dinner.”

Ollolai is located in Sardinia, an island in the Mediterranean Sea. The island is home to both beautiful beaches and stunning mountains, so there are plenty of places to explore. Casula says the views aren’t just breathtaking, they’ve also been beneficial to his body. “The fresh air, zero smog, and great views have a healing power. My bones and back don’t hurt anymore.”

Sardinia mountains

(Photo Credit: Getty Images)

If you decide to buy one of the bargain homes, be ready for some renovations. The homes aren’t in very good condition and need to be restored within three years of purchase. However, TIME reports that homeowners can apply for grants that can cover up to 60 percent of the cost of the makeovers. Plus, the mayor feels confident that these homes are worth the effort. “They’re picturesque old buildings made with Sardinia’s typical gray granite rock that grows on mountain peaks and shores,” he says.

Sardinia land

(Photo Credit: Getty Images)

Despite the need for a little love, Arbau tells CNN he’s already sold three homes — and has more than 100 inquiries. “We need to bring our grandmas’ homes back from the grave.”

h/t CNN

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