This Village Offers Houses For 1 Euro or $ 1.20 , Interested Moving?

A village in Italy sells several historic homes for 1 Euro or $ 1.20.

The village of Ollolai, located in the Barbados region of Sardinia, has 200 stone houses requiring new owners.

However, each precious house is so cheap it needs a lot of improvement. So anyone who buys these homes must commit to make improvements within three years, which is likely to cost around $ 25,000, according to CNN.

The village hopes that the sale of the houses will help preserve its faded history and raise the return of Ollolai's shrinking population from 2,250 to 1,300 in the last 50 years.

"We boast of prehistoric origins," Efisio Arbau, Mayor of Ollolai, told CNN. "My role is to save our unique tradition from being forgotten, our past pride is our strength, we are always tough people and will not let this city die."

The houses were quickly sold. Arbau said that three sales had been completed and he received more than 100 requests from around the world.

The initiative is part of an Italian project called "Case a 1 euro", which includes properties in Sicily, Tuscany, and Abruzzo. The "deal" is part of a long-term goal to revitalize historic buildings that collapse and revive a shrinking population in small Italian cities.

Those looking for more information on how to buy a $ 1 Italian house should contact the Ollolai government.

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