Homes for 1 Euro in Italy

[Black Orchid]

Ever dreamed of owning a home in a pretty village in Italy? The news you've been waiting for has finally arrived.
You can now buy one for just over a dollar.

Ollolai, a destination in the mountain region of Barbagia on the Mediterranean island of Sardinia, is selling hundreds of abandoned homes for just €1 ($1.2). It's not the first Italian town to try the gimmick, but it seems to be the first to live up to the promise. It's also got the beauty and history needed to draw people in.

The real estate bonanza comes with a catch, though. The 200 stone-built dwellings up for grabs are in poor condition and buyers must commit to a refurbishment within three years, which will likely cost about $25,000.

Behind the sell-off is a plan to rejuvenate a community at risk of becoming a ghost town. In the past half century, Ollolai's population has shrunk from 2,250 to 1,300, with only a handful of babies born each year.

"We boast prehistoric origins," says Efisio Arbau, Ollolai's mayor. "My crusade is to rescue our unique traditions from falling into oblivion. Pride in our past is our strength. We've always been tough people and won't allow our town to die."

https://edition.cnn.com/travel/article/ ... index.html

[Black Orchid]

Here's one already bought and renovated ...

[Bobby]

If I spoke Italian I'd be tempted to go there.

[sprintcyclist]

Ever dreamed of owning a home in a pretty village in Italy? The news you've been waiting for has finally arrived.
You can now buy one for just over a dollar.

Ollolai, a destination in the mountain region of Barbagia on the Mediterranean island of Sardinia, is selling hundreds of abandoned homes for just €1 ($1.2). It's not the first Italian town to try the gimmick, but it seems to be the first to live up to the promise. It's also got the beauty and history needed to draw people in.

The real estate bonanza comes with a catch, though. The 200 stone-built dwellings up for grabs are in poor condition and buyers must commit to a refurbishment within three years, which will likely cost about $25,000.

Behind the sell-off is a plan to rejuvenate a community at risk of becoming a ghost town. In the past half century, Ollolai's population has shrunk from 2,250 to 1,300, with only a handful of babies born each year.

"We boast prehistoric origins," says Efisio Arbau, Ollolai's mayor. "My crusade is to rescue our unique traditions from falling into oblivion. Pride in our past is our strength. We've always been tough people and won't allow our town to die."

https://edition.cnn.com/travel/article/ ... index.html

that is a cheap holiday home

[Black Orchid]

Yes very cheap especially if the average is only $25,000, which I assume is USD, to fix them up. I am tempted.

[Neferti]

Yes very cheap especially if the average is only $25,000, which I assume is USD, to fix them up. I am tempted.

I watch something called "A Place in the Sun : Summer Sun" on Lifestyle ... https://www.aplaceinthesun.com/tv-show/summer-sun

Interesting, but doing up really old, run down houses in Europe has its problems ... still a great idea and I did think about it years ago.

[Black Orchid]

Labour is obviously very cheap there. Here the same place would cost hundreds of thousands to repair and renovate.

[Neferti]

Labour is obviously very cheap there. Here the same place would cost hundreds of thousands to repair and renovate.

I don't think it is the actual labour, it's the legalities and workers who work on "Fiji time" (do something when they get a round tuit).

a riybd tuit.jpg