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“My great grandfather was born here,” said Tabbone, who resides permanently in Chicago, Illinois and is looking forward to reconnecting with her family's roots. “He left here when he was 15 to go to the United States.” She plans to initially use the 18th-century, three-bedroom townhouse as a vacation home and then retire there. Tabbone predicts that her renovation expenses will be around 50,000 to 60,000 euros when she is finished.
In a bid to breathe new life into the town, Arbau contacted former home owners -- shepherds, farmers and craftsmen -- asking them to sign the homes over to town authorities. Even here in the United States, small towns are left behind as technologies and economies change. Once thriving industries that are now obsolete force populations toward more urban areas and larger cities. If there’s one thing a European country likeItalyis committed to, it’s maintaining its beloved history. That’s why some—including a Mediterranean town in Sardinia called Ollolai—are going to great lengths to incentivize people to come and stay.
Case a 1 Euro
The buyer must be aware of any damages that the previous owner may have caused third parties. In Biccari, Italy, a retired engineer from Germany bought a 150-square-meter house. There are many cheap homes in Italy that are perfect for those looking to relocate to this beautiful country. From old farmhouses to more modern apartments, there is something for everyone. The prices of these homes can vary greatly depending on the location, size, and age of the property, but there are definitely deals to be had. For those looking for a real bargain, it is even possible to find homes for sale for less than 50,000 euros.
"The fresh air, zero smog and great views have a healing power. My bones and back don't hurt anymore," he adds.
Buy An Abandoned House In Ollolai Italy For Just $1
Other areas have been struck by earthquakes, affecting homes that sell for one euro. A renovation project plan typically costs between 3,000 and 3,900 euros to prepare. Furthermore, the council will provide you with a contract with a builder that has been approved. In order to keep your initial deposit, the work must begin within a couple of months of the project being approved, and it must be finished within three years – if not, you will lose the deposit.
The town was once the thriving capital of the region of Barbagia, but it has recently struggled to keep its culture alive. In half a century, the town’s population has decreased by nearly 1,000 people. Now, only about 1,300 residents remain, forcing Mayor Efisio Arbau to bring on the “Case a 1 Euro” project. According toThe Local Italy, “The phenomenon has its roots in the post-war economic decline of rural Italian communities, which saw more and more small town inhabitants emigrate to major cities.
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However, most of these “fixer-uppers” will require significantly more capital, on top of the initial one euro, to get them into shape. When the assignment of the house to you is definitely approved, you have to sign the notary deed of purchase of the property within 2 months. Then within one year you will have to apply to the comune to begin your renovation works. Once the request has been approved, the aforementioned works must start within 2 months. In the very heart of Sardinia and immersed in the Mediterranean vegetation rises Ollolai, a picturesque village with a population of about 1,500 and whose old buildings are made of typical local grey granite rock.
Pignone, a property developer in Liguria, is preparing to showcase its selection of one-Euro homes. As a gesture of goodwill, the village of Castropignano is offering a 1 off coupon for the demolition of its abandoned buildings. Mayor Scapillati wants to find the perfect house for interested parties. Residents can send in an email with a detailed plan for how they intend to remodel their property and what they want to do with it. Residents in Castropignano, Italy, have been instructed to repair the condition of abandoned houses. If they do not, the town council will expropriate the property and sell it.
Many tourists find that buying a cheap house in Italy is a great idea. More and more towns are providing low-cost housing as part of their regeneration efforts. Biccari, an Italian town, came under scrutiny earlier this year after it began selling dilapidated and ready-to-occupy properties. The Italian home, which he paid $7,500 for, will be used as a base for his family to live. Italian law states that, regardless of how many different owners there are, all parties must agree on the sale.
"We boast prehistoric origins," Efisio Arbau, Ollolai's mayor, told CNN. "My crusade is to rescue our unique traditions from falling into oblivion. Pride in our past is our strength. We've always been tough people and won't allow our town to die." Located in the island's mountainous region of Barbagia, the town is selling off 200 abandoned homes for just €1 (about $1.24 at press time) in order to attract new residents, CNN reports. "We boast prehistoric origins," says Efisio Arbau, Ollolai's mayor. A little village named Ollolai, whose name is from an ancient battle cry of “alale,” in the mountainous region of Barbagia, located on the island of Sardinia is offloading a bunch of abandoned homes for about $1. It's got everything from beautiful landscapes and deep-rooted history to help seal the deal for would-be residents.
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. Ollolai, a destination in the mountain region of Barbagia on the Mediterranean island of Sardinia, is selling hundreds of abandoned homes for just €1 ($1.2). It's not the first Italian town to try the gimmick, but it seems to be the first to live up to the promise. Though the exteriors of the 200 homes that are up for grabs are made of traditional Sardinia gray granite rock to match the mountain peaks, the dilapidated interiors need some work. As such, buyers are obliged to commit to arefurbishmentof the home within three years. And although this is obviously going to cost you more than the $1.25 home price, it still remains an incredible deal.
Abandoned by the families who once occupied them, many stone dwellings have been lying in ruin, covered in cobwebs, for decades. Behind the sell-off is a plan to rejuvenate a community at risk of becoming a ghost town. In the past half century, Ollolai's population has shrunk from 2,250 to 1,300, with only a handful of babies born each year.
Once you have sent the form to express your interest in the prequalification process of buying a house for € 1 you will be included in a waiting list. As new housing units become available, each applicant will be contacted by the town hall in chronological order. The applicant will then be invited to see the property so one can decide whether or not to buy the house at a symbolic price of € 1.
Still, good luck scoring a pied a terre of any kind and in any part of Italy for less than that. The majority of 1 Euro home schemes in Italy are located in the south. In some areas, access is primarily via unpaved roads, while others are mountainous and remote. If the structure has been abandoned, the only resident will be you.
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