Buy a house in Italy for $1 and choose from a variety of magical villages.

Real estate prices in Italy have been rapidly rising in recent years, and although some markets may experience changes in 2023, housing prices are unlikely to ever drop to single digits unless you are willing to move to Italy. While this would require a big leap, several cities in Italy are selling homes for just 1 dollar, which might make many people pack their bags! With such a price, you might be wondering where the catch is and how this is possible.

According to the Italian website Insardinia, the goal is to help young people who find it difficult to obtain a mortgage elsewhere and to revive small towns and villages. The houses also require a lot of work, so the final price will be higher, although it is also an opportunity to realize the dream of having a home in Italy. An American couple made a purchase and renovation and shared their experience with CNN. Rubia Daniels from California also detailed her experience of buying these cheap houses with Travel + Leisure and how she enjoyed the hospitality so much that she bought three of them.

Anyone interested can find all the listings for houses for sale on websites like Case 1 Euro and 1 Euro Houses. FromTuscany to Sicily, houses are spread throughout the country and are located in some magical little towns and villages. Here are a few regions in Italy where you can find a house for 1 euro:

Sicily:

Sicily has a long list of homes on the market for the low price of 1 dollar. Among the various regions are Sambuca, Augusta, and Caltagirone.

Abruzzo:

Abruzzo, located east ofRome, has both a coastline along the Adriatic Sea and the Apennine Mountains. Several towns in the Abruzzo region offer affordable homes, including the medieval town of Cazzoli. According to the Visit Italy website, the town has a population of 5,500 and is situated in a "picturesque landscape" between a valley and one of the most beautiful artificial reservoirs in Abruzzo.

Sardinia:

The cities of Romana, Nulvi, and Ollolai also offer houses for 1 dollar in Sardinia, which is a large island in the Mediterranean Sea.

Lazio:

The region located nearRome is called Lazio, and it is another area where people can find affordable housing. One notable place is the medieval village of Maenza, which has a rich history and its own castle for exploration for those who are new to the area.

Tuscany:

Montieri and the town of Fabbriche di Vergemoli inTuscany are also participating in the $1 initiative. The VisitTuscany website describes Montieri as a village "located on the slopes of a hill covered with chestnut tree forests," while Fabbriche di Vergemoli is an area "embraced by the welcoming Garfagnana mountains."

Campaign:

According to the 1 Euro Homes website, you can find houses for the price of 1 euro in four municipalities of Campania, including Bisaccia, Teora, Altavilla Silentina, and Cungoli. The site states that 40 abandoned houses were sold for one euro in the village of Bisaccia. As for Altavilla Silentina, the town is described as being located on a "hill covered with olive trees," and it has a population of about 7,000 people.

Piedmont:

Piedmont is located on the border with France and Switzerland, which offers many great opportunities for skiing and other year-round activities. Interested buyers will find homes priced at $1 in the towns of Albagnano and Borgomezzavalle.

The image on the cover of this article is used solely for illustrative purposes.