The Real Deal New York

Why this Italian town is selling some of its homes for €1 a piece

You can buy a home for the equivalent of a slice of pizza
By Erin Hudson and Jhila Farzaneh | March 24, 2018 09:00AM

Have you ever dreamed of owning your own Italian villa? Now is your chance.

Under a program called “Casa a Un Euro,” several European towns with empty housing stock are looking to sell their neglected homes to newcomers for €1. Here’s the story behind one town’s use of the program.

Full disclosure for those who decide they’re ready to make a move across the Atlantic: the mountain-top village of Ollolai has stopped accepted applications for the time being, according to the Independent, due to an overwhelming amount of interest. But don’t worry, there are plenty of other small Italian villages, still using the program, that are in urgent need of an injection of investment and young blood.

Video produced by Jhila Farzaneh and Erin Hudson