Hello, Italy!
If you are ready to run away from it all, look no further than the cute city of Laurenzana, Italy, where officials currently sell homes and buildings for just over a dollar.
Laurenzana, in the southern region of Basilicata, currently sells about 50 historic properties for 1 euro ($ 1.19,) Departure reports. In an effort to attract buyers, Mayor Michele Ungaro even reduced deposit fees for renovations (which ranged from about $ 2,400 to $ 6,000 when other Italian towns arranged similar offers) to $ 382.
Laurenzana, in the southern region of Basilicata, is currently hawking about 50 historic properties for 1 euro ($ 1.19.)
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To voice their case, hopeful homeowners should make a proposal to local officials and explain what property they want to buy and their renovation plans. According to Travel and Leisure, ten of the units are old houses “in the historic heart of the city”, while the other 40 are abandoned buildings. Many of these uninhabited units date back to the 19th century and feature charming details such as wrought-iron balconies and arches of bricks – but it will reportedly be necessary to make a more thorough turn to become modern again.
To that end, Ungaro said hopeful homeowners should be prepared to pay out about $ 24,000 for such detailed renovations.
The Laurenzana Castle in Laurenzana, Italy.
(Massimo Piacentino / REDA & CO / Universal Images Group via Getty Images)
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Before the deal can be concluded, interested buyers must visit Laurenzana to complete the deal – a final step that is likely to be possible for international customers for at least the next few months, if not longer, due to various travel restrictions amid the global pandemic.
As frustrating as it may be, it can be worth the wait. Today, the ancient city is home to cobbled streets, shops, bars and the medieval Laurenzana Castle, Depatures reports, close to the hiking trails and Maratea, a UNESCO World Heritage Site.
However, these latest offers should not be confused with Salemi and Tronia in Sicily, which have also listed homes for $ 1 in recent months in an effort to bring in new residents.