CNN first reported in April 2019 that the tiny village of Zungoli, near Naples in the Campania region, and the larger Sicilian town of Mussomeli were hoping to revive their communities and attract new residents by selling abandoned and dilapidated buildings for about one American dollar. The firm found that the scheme fared pretty well — most villages said that their first batch of properties were already gone, with one town, Ollolai, having received 5,000 requests for its first 100 properties. Lake Como – also home to Sir Richard Branson – is more fashionable than ever although can be surprisingly affordable, with apartments with a view for €100,000. ET on HGTV. How does $1 sound—and in coastal Italy, no less? Mussomeli is a town located in the heart of Sicily. Italy is a very prominent country in terms of cultural heritage: it boasts as many as 51 UNESCO World Heritage Sites. Those two villages aren't alone: villages across Italy are trying to sell properties for one euro or less, as long as owners take care of the renovations. Subscribe to our daily newsletter to get more of it. "This project is my life mission but had I dealt with it on my own, I would have gone nuts.". If even that process sounds too complicated, the larger Italian town of Mussomeli, in Sicily, has made it even easier, creating a new multilingual real estate agency to handle its €1 houses deals. A town in Italy is selling abandoned homes for $1. As Business Insider reported in 2015, an Australian woman from Melbourne traveled nearly 10,000 miles to buy a home for just one euro in the village of Gangi in Sicily. You’ve probably seen this headline before: Charming Italian town is selling beautiful homes on a picturesque mountain for $1. They need some work, but nothing too expensive to make them a comfortable home. Italy popularized the scheme with municipalities in Sicily and Naples selling homes for about $1. But, there's a catch for potential buyers. 2019-04-11T13:00:00Z The letter F. An envelope. Phil Luciano Journal Star @lucianophil Saturday Feb 1, 2020 at 12:54 PM Feb 1, 2020 at 9:12 PM. Tabbone submitted a bid for two dwellings without even visiting the town. Add it to the list: another Italian village is selling historic houses for $1 to those looking for a fixer-upper. So if you spot a photo of a house you like online, you can apply for one even before jumping on a plane. A local weather phenomenon called the "Sea of Clouds" can be seen from the top. Sounds good? The catch: As with all these cheap home deals, buyers must pay a €2,000 security deposit and commit to refurbishing the property. The mountain hamlet is remote, but just a stone's throw from Lake Maggiore, 40 miles from Lake Como, and 70 miles from Milan. Castello di Mussomeli castle or Castello Manfredonico. The houses were sold for up to €25,000 -- considerably more than €1, but still a bargain. Declining to just 1,500 residents this year, the community hasn't been improving with 1 birth for every 40 deaths. Well here's how you get a slice of the action... and maybe some of that cheese. Interested buyers will be given a guided tour of the town, visiting top sites and tasting the local cuisine. Macnaughtan's experience with the one euro Italian homes is not novel: both Zungoli and Mussomeli offer a similar catch for perspective buyers. Named one of Italy's Most Beautiful Villages in 2015 in a national award, it straddles the Apennine Mountains, equidistant from the Adriatic and Tyrrhenian coasts. Yes, last year’s phenomenon that was the $1 Italian home is back as another village has joined the fun. "They were all terrible and needed to be knocked down and rebuilt.". Zungoli has a unique setting and a lot to offer -- guided trekking and cycling tours regularly explore the wild and pristine landscape. Yes, last year’s phenomenon that was the $1 Italian home is back as another village has joined the fun. Law Firm 24 January 2020 30 Italian lawyer's and investor's Blog, Real estate investing in Italy “Fonderie” building at Montieri-Italy Houses at 1 euro in 2020, list of municipalities that sell them. The tiny Italian town of Ollolai is putting abandoned houses on the market for just 1 euro, or $1.20, which shouldn't throw your budget out of wack too much. Now, the town of Salemi in Sicily is the latest to experiment with this trend, auctioning off abandoned, dilapidated properties for just one euro (about $1.18). "My town has upgraded infrastructure, public LED lights and great Wi-Fi. 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