Authorities in Sambuca, Sicily, have sold homes for sale at just 1 euro. Customers need, however, to undertake to renovate the buildings, according to Apartmenttherapy.com.
Buyers have to commit to invest at least $ 17,200 in renovations in the first three years and deposit an initial guarantee of $ 5,700. Thus, the initial costs reach almost $ 23,000.
Buildings are owned by local government, but the City Hall does not act as an intermediary between sellers and prospective customers. The smallest available dwelling has an area of 40 square meters and the largest is 150 square meters.
The town of Sambuca is quiet, full of history and surrounded by forests and mountains, so ten “1 euro” houses have already been sold.
Previously, Japan decided that the country has so many deserted homes that it offers them free of charge to those who are interested.