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Italian Island Village Is Selling Hundreds Of Homes For $1.25 Each

Some people fantasize about one day owning a home in a faraway Italian village. That dream can now be a reality, for the same price of a can of pop. Situated in the mountain region of Barbagia on the Mediterranean island of Sardinia is the wonderful town of Ollolai. Hundreds of abandoned homes have now been made available for just $1.25, or 1 euro.

With a rich history, culture, and beautiful landscape, it has everything needed to lure people back to the dwindling town. Although it isn’t the first Italian town to attempt this, it’s the first to live up to the promise, and it’s a deal that will be tough to pass up on. Though this may seem too good to be true, it does, however, come with a catch.

Those who decide to acquire real estate, which is in poor condition, must commit to a refurbishment of the property within the first three years, which is said to cost a projected $25,000. The homes come in various different states, some of which have been uninhabited for decades now. The real idea behind it all is to rejuvenate a lost community and preserve its past. The population of Ollolai has been diminishing, with only 1,300 residents currently.

The intriguing proposal was brought forth by the town’s mayor, Efisio Arbau. “We boast prehistoric origins,” he told CNN, adding, “My crusade is to rescue our unique traditions from falling into oblivion.”

italian village selling homes for cheapCNN

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