Italian Town Selling Homes for $1
Bring your hammer. You will need it. If you’re in the home for a new market, you may want to check out the deals along coastal Italy, where one town…
ROME, ITALY – MARCH 13: Piazza Navona is seen completely empty on March 13, 2020 in Rome, Italy. Rome’s streets were eerily quiet on the second day of a nationwide shuttering of schools, shops and other public places. Italy has more than 15,000 confirmed cases of COVID-19 and over a thousand related deaths. (Photo by Marco Di Lauro/Getty Images)
(Photo by Marco Di Lauro/Getty Images)Bring your hammer. You will need it.
If you're in the home for a new market, you may want to check out the deals along coastal Italy, where one town is selling homes for just $1!
The town, Cinquefrondi, is hoping to attract visitors and residents with it's sales tactic called "Operation Beauty". The town's mayor hopes to revitalize the area after many of it's young residents left to find better jobs.
The town is also bragging that it is "COVID-free" to attract buyers. So, what's the catch of this "Italian home for a buck deal"? Buyers must renovate their homes within three months and carry an annual $250 insurance policy on the home.
