This town in Italy is selling houses for $1.25, and goodbye forever
Well, this is one way to save a city. In an attempt to make sure Ollolai, Italy doesn’t become a ghost town, the city government has decided to sell abandoned homes in the village for the equivalent of $1.25 U.S. dollars. We’re talking less than a box of pop tarts, people. So, if you’ve been thinking about becoming a homeowner, you might want to consider a move to Italy.
Of course, there’s a catch.
If you were to purchase one of the homes, you’d also have to commit to renovating it within three years — and new residents must stay in the home for a minimum of five years. Estimated costs for renovations are around $25,000, which, TBH, is still insanely cheap for a whole house. Plus, did we mention this is in Italy?
If you’re considering it, Ollolai is located on the Mediterranean island of Sardinia. According to Business Insider, the population of the village is currently around 1,300.
The initiative was set up by Ollolai’s mayor, Efisio Arbau. Independent reported that the deal will shut down after February 7th, because they’ve already received a lot of interest — especially from people overseas.
If you’re on the fence, here are a few photos of Sardinia that just may persuade you.
Yeah, we can picture ourselves living there.
There are currently 200 homes included in the deal, all of which are currently in need of work. All in all, this seems like a pretty attractive initiative. Now one question: Can anybody out there help us with our Italian?