All you need in Italy is a dollar, and a dream house is yours.
The village of Ollolai on the Mediterranean island of Sardinia is selling hundreds of homes for just one euro — or about $1.24, reports CNN.
The near-giveaway comes with a condition. The houses, built from gray granite, are fixer-uppers in rough shape. Buyers must promise to rehab buildings they buy within three years.
Figure on $25,000 for the home improvements.
In the Italian village of Ollolai, as-is stone homes are selling for the price of an espresso.
The deal is the brainchild of the town’s mayor, Efisio Arbau, to reinvigorate Ollolai. The population has dropped dramatically in the past 50 years from 2,250 to 1,300.
“My crusade is to rescue our unique traditions from falling into oblivion,” Arbau told CNN. Over the decades people have traded life in the slow lane, where cheese-, pasta- and basket-making are specialties, for the bustle of bigger cities.
They’ve left behind rich and colorful history — and decaying buildings.
“We need to bring our grandmas’ homes back from the grave,” Arbau said.
The town has worked to do that since last year, when owners of abandoned homes were contacted and agreed to turn over buildings to the town to be sold for a song.
Three homes have sold so far, and more than 100 purchase requests have come in.
“We’ve always been tough people,” said Arbau, “and won’t allow our town to die.”