The Picturesque Italian Town of Sambuca, Sicily Is Selling Homes for $1


"You want that house, you'll get it no time", Giuseppe Cacioppo, Sambuca's deputy mayor and tourist counselor, told CNN.

The village of Sambuca in Sicily is selling off houses for just 1 pound ($US1.14).

Well, you could do all those things and, what's more, now you could do them for as little as a dollar.

Uprooting for cobbled streets and sandy beaches might seem extreme but what if you could find a home for less than the price of an espresso?

In January 2018, the Sardinian town of Ollolai announced that it was selling 200 houses for 1 pound to attract new residents. Over the past half-century, the town's population has declined to just 1,300 people from 2,250. Gorgeous beaches, woods and mountains surround us.

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"As opposed to other towns that have merely done this for propaganda, this city hall owns all €1 houses on sale". The condition of the deal states that owners must invest €15,000 (Dh63,000) into refurbishing the properties within three years of signing the contracts.

In order to ensure this happens, city officials will take a €5,000 (Dh21,000) security deposit which will be returned once work has been completed. We're located inside a nature reserve, packed with history. "It's silent and peaceful, an idyllic retreat for a detox stay", Cacioppo told CNN. It was founded by the ancient Greeks and conquered by Saracens in 830 AD. It still maintains this heritage in the design of its Arabic quarter, which has narrow alleys and underground passageways.

More highlights of Sambuca include its view of Mount Etna, its prime location surrounded by trekking routes and historic monuments, great food, and great wine.

Plus, the cost of renovating these places costs about €15,000 (about $17,200 USD) to start, CNN reported. "Luckily, foreigners are lending a hand in this rescue crusade".

Still, considering the median home in the USA sold for $325,000 at the end of a year ago, a €15,001 house - equal to about $17,000 - is undeniably a bargain.