Italian town Ollolai sells $1 homes to lure new residents

Buying a home can be one of the most expensive and stressful things you can possibly do. Anyone who has ever bought a home will be aware of the complications and pitfalls that are involved, especially when buying in the big city. The cost and complications can become overwhelming, and you are left wondering whether there is an easy way of doing all this. Well, there actually may well be.

Allow us to introduce the Italian town of Ollolai, nestled in Sardinia’s mountain region of Barbagia. This stunning place is actually tearing up every rule in the book, by offering homes for sale for just over $1. Yes, that’s one dollar. US. Who the how the what? Well, that was our first thought as well – so, here are a few things to know about Ollolai.

Italian town Ollolai sells $1 homes to lure new residents

Natural beauty

The first thing you should know about this stunning town is just how much natural beauty there is, both in and around it. This is one of the most beautiful places we’ve ever seen, and there’s no big surprise that it’s attracting attention. How would you like to have a home with winding hills and stunning mountain passes? When choosing a home you want to think about the view and the surrounding space, and Ollolai tops the table for these things.

Cheapest homes in the world

Though not the first Italian town or city to try this cheap homes gimmick, it’s clear that Ollolai has a lot of appeal. In fact, the exact sum would come to $1.20 USD. This is the kind of thing that you might hear about and assume it’s a scam to get money from people – but it’s actually completely legit! In a bid to rejuvenate a dying community, the government has put this in place in order to prevent the town from becoming a ghost town. We don’t know about you, but we think this is a masterstroke. The mayor secured a lot of the empty properties here, and the government began selling them in 2017 for peanuts!

Italian town Ollolai sells $1 homes to lure new residents

Frozen in time

Formerly the capital of Barbagia, Ollolai remains of the most untouched places of Sardinia. In fact, in many ways, this is a place very much frozen in time. With abandoned, disused homes, and the population dwindling each year, it very much has that ancient feel about it. But we think this is a big part of what makes it so popular and appealing. It’s the perfect place for those sick of city life and lonely for the small towns. Fresh air and wonderful views can actually be a really great way of healing the mind and body.

How would you love to get your hands on one of these homes? Sounds too good to be true right? Well, there is one catch, that buyers must commit to a $25,000 refurbishment within three years of purchase. Still, $25,001 is a steal for a home these days, no matter where you are. We would recommend these homes to any prospective homeowners out there – don’t wait around for them to all get taken.

Italian town Ollolai sells $1 homes to lure new residents