An Italian city sells hundreds of their houses for just one euro each.
The Sicilian town of Castiglione di Sicilia is offering the 900 abandoned houses to breathe new life into the area.
The city is located on the slopes of Mount Etna and close to the beaches of Sicily’s picturesque east coast.
Officials hope to sell hundreds of homes in the city that have been abandoned.
About half of them are ruined and many are being sold for a symbolic price of just one euro. The rest are in better condition and are being sold at low prices.
According to CNN Mayor Antonino Camarda has carried out an ambitious project to breathe new life into his village, where the population has shrunk from 14,000 at the beginning of the 20th century to just under 3,000 today.
He said, “We have a huge architectural legacy to save, full of history. Too many people have gone over time, leaving a few old, picturesque houses, many of them even from the Renaissance.
“We have carried out an in-depth study in which every property is cataloged using maps and land register data. Depending on their condition, buildings are sold at different prices starting at € 1.”
If there is great interest in the same property, an auction will be held.
The project requires buyers to complete renovations within three years. In contrast to other programs, however, no deposit is required as a guarantee for the work.
However, owners must take out an insurance policy with a bank worth € 4,000.
More information about the program can be found at website.