You Only Have Two More Days to Get a $1 Home in Italy
Your dream European vacation home awaits — but you'll have to act fast.
The Italian village of Ollolai has 200 stone houses that are up for sale for only €1 (about $1.20 USD), but you only have two days left to apply. The homes, which are part of the Italian project called “Case a 1 euro,” (which includes properties across Sicily, Tuscany and Abruzzo), are so cheap because they’re all in need of some serious renovations.
According to CNN, whoever wins a dollar house must commit to refurbishing it within three years, which is likely to cost at leaset $25,000. Even dollar menus have tax included, and this is a pretty hefty tax.
“We boast prehistoric origins,” Efisio Arbau, Ollolai's mayor, told CNN. “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.”
According to The Independent, the last day to apply for a dollar home is February 7, mainly because the number of applications has been overwhelming. (If you can’t get in at Ollolai, there’s also Candela, where the mayor will pay you €2,000 (about $2,4800 USD) to live there.)
In addition to refurbishing your new, “dollar” home, you must also commit to being a permanent resident, rent a house in the town and earn more than €7,500 (just over $9,300 USD) per year.
Even though all of these requirements seem like “the catch,” just remember you’ll be living in Italy, in a gorgeous, ancient town. And other than your day job to keep your less-than-10,000-per-year finances afloat, you’ll just have to work on your dream home.
The project hopes to bring back populations to these struggling towns and revitalize the decaying buildings.