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Italian town selling $1.20 homes to lure new residents
http://kdvr.com/2018/01/30/itali…
OLLOLAI, Italy — If you have ever wanted to leave it all behind and move to an Italian village, the news you’ve been waiting for has finally arrived.
You can now buy one for just more than $1.
Ollolai, a destination in the mountain region of Barbagia on the Mediterranean island of Sardinia, is selling hundreds of abandoned homes for just $1.20.
It’s not the first Italian town to try the gimmick, but it seems to be the first to live up to the promise. It’s also got the beauty and history needed to draw people in.
The real estate bonanza comes with a catch, though. The 200 stone-built dwellings up for grabs are in poor condition and buyers must commit to a refurbishment within three years — which will likely cost about $25,000.