Explore Italian Villages Selling Homes for €1

An increasing number of small towns in Italy are selling homes for the symbolic price of €1 ($1.13) in an effort to revive dwindling populations. Most of the houses in the €1 House scheme are fixer-uppers and require considerable investment to get them up to scratch. However, if you’ve long-dreamed of establishing your very own rustic retreat in a community that offers a relaxed pace of life and ample sunshine, these towns could be a great place to consider.

Santo Stefano di Sessanio, Abruzzo

In the picturesque village of Santo Stefano di Sessanio in Abruzzo, a non-resident between the age of 18 and 40 can acquire an abandoned home for the symbolic price of €1. The village, featuring a tiny population of just 115 residents, seeks new inhabitants who will commit to residing there for a minimum of five years. It aims to attract people interested in opening tourism, hospitality, or retail businesses, or contributing to the community in other valuable ways.

Additionally, newcomers will receive a grant of up to €8000 per year for three years, and a non-repayable grant of up to €20,000 to help kickstart their projects. Consequently, the council hopes to gradually increase the population, recently accepting only ten applicants from over 15,000 by the November 15 deadline in 2020. For updates on availability in 2021, stay informed here.

Castropignano, Molise

Castropignano, a small hilltop town overlooking the Biferno river valley, is situated just a few kilometers from Campobasso in Molise. This region is renowned for its pristine beaches, snow-capped mountains, and coastal towns. Moreover, Castropignano, a charming medieval village, is filled with 16th-century historical sites. Approximately 900 residents currently inhabit the town, which hopes to attract more individuals through its €1 properties that could be transformed into holiday homes, B&Bs, or artisan shops.

Laurenzana, Basilicata

Laurenzana is located in the Basilicata region, positioned midway between Naples and Bari. The town boasts traditional terrace and stone houses, some available through the €1 scheme. Known for its medieval castle and charming church, Laurenzana features a well-preserved historic center with a maze of alleyways. The nearby National Park of Appennino Lucano Val D’Agri Lagonegrese provides beautiful hiking and wildlife spotting opportunities.

Those considering relocating to Laurenzana under the €1 scheme must download an application form for a home, outline renovation plans, and explain how their presence could enhance the town’s tourism, trade, or craft industries.

Salemi, Sicily

Noted for its medieval charms, Salemi has recently joined Italy’s most beautiful villages association and is eager to welcome new residents. Prospective inhabitants must submit a detailed plan on how they will renovate their chosen property, accompanied by a deposit of €3000. Moreover, those transforming their buildings into businesses that would revive the local economy, such as B&Bs, galleries, or restaurants, may be eligible for tax credits. Approximately twelve homes will go to auction for €1 before being sold to the highest bidders.

Images of the homes will be available here soon, allowing potential buyers to browse before expressing interest. Most properties are situated within Salemi’s attractive historic center, characterized by cobbled streets and vibrant local eateries that spill onto piazzas. The village is surrounded by olive groves and vineyards, offering access to numerous hiking trails.

This article was first published on December 4, 2019, and updated on January 8, 2021.