Mussomeli Town, in southern Sicily, is selling abandoned properties for just $1.60.
There are also administrative fees to consider, which can cost $4,000 to $6,450. Small towns in Italy are having trouble holding on to residents, as many are apparently leaving the countryside to live in more urban areas.
Mussomeli isn’t the first town to take this approach to fix their housing problems. The nearby city of Sambuca made a similar offer to homebuyers in January.
In that case, buyers have to agree to invest $17,000 to fix up the homes over a 3-year period. This is why it’s always important to read the fine print before agreeing.