Ciao, Italia!
If you’re ready to get away from it all, look no further than the picturesque city of Laurenzana, Italy, where authorities are selling houses and buildings for just over a dollar.
Laurenzana, in the southern region of Basilicata, is currently selling about 50 historic properties for 1 euro (US $ 1.19). Match reports. In an attempt to attract buyers, Mayor Michele Ungaro even reduced renewal deposit fees (which ranged from about $ 2,400 to $ 6,000, when other Italian cities organized similar promotions) to $ 382.
Laurenzana, in the southern region of Basilicata, is currently selling about 50 historic properties for 1 euro (US $ 1.19).
(iStock)
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To make their case, hopeful homeowners must submit a proposal to the local authorities, explaining which property they would like to buy and their retirement plans. According to Travel and Leisure, 10 of the units are old houses “in the historic heart of the city”, while the other 40 are abandoned buildings. Many of these unoccupied units date back to the 19th century and feature charming details, such as wrought-iron balconies and brick arches – but reportedly will require a more complete turn to be modernized again.
To that end, Ungaro said that hopeful homeowners should be ready to shell out about $ 24,000 for such detailed reforms.
The castle Laurenzana in Laurenzana, Italy.
(Massimo Piacentino / REDA & CO / Universal Images Group via Getty Images)
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Before the deal can be closed, interested buyers should visit Laurenzana to finalize the transaction – a final step that will probably not be possible for international customers in the coming months, if not more, due to various travel restrictions in the midst of the pandemic global.
As frustrating as it may be, the wait can be worth it. The ancient city now houses cobbled streets, shops, bars and the medieval castle Laurenzana, reports Depatures, close to hiking trails and Maratea, a UNESCO World Heritage Site.
These latest listings, however, are not to be confused with Salemi and Tronia in Sicily, which have also listed homes for $ 1 in recent months in an attempt to attract new residents.