You can now buy a home in Italy for just $1.25

Ever dreamed of packing up and moving abroad, particularly a rustic Italian village? Now may be the time to finally make it happen.

Ollolai, a village on the Mediterranean isle of Sardinia located just off the coast of Italy, is offering up its empty housing stock for the bargain price of just €1, which is about $1.25, according to CNN.

Of course, there is a catch. Buyers must commit to refurbishing their $1.25 home within three years, which will likely come with an estimated $25,000 additional expense.

It’s all part of a plan to bring life back into a city that watched its population sink from 2,250 to 1,300 over the past half decade, CNN reported. Most of the homes are in poor condition.

“We need to bring our grandmas’ homes back from the grave,” Efisio Arbau, Ollolai’s mayor, told CNN.

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Colorful sunshade umbrellas hang over the street in Pula, Italy, another village on the island of Sardinia, where homes are being sold for just €1.

If the plan works, the city, which is a maze of alleys and mural-covered piazzas surrounded by stone dwellings, could turn the city into a picturesque Italian village again. And for homeowners, it could be an opportunity to retire to a more relaxing way of life. The town is known for its locally made premium sheep cheese, Casu Fiore Sardo, handwoven baskets and traditional celebrations.

But if you want to move there, you’ll have to act fast. The €1 is only available through Feb. 7, according to the city’s website.


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