No Comments

Buying a house is cheaper than a cup of coffee in Italy

Sardinia is a beautiful island on the Mediterranean Sea.

In order to escape the future into a “ghost town”, the Italian town of Ollolai has decided to sell 200 abandoned homes for just one euro ($ 1.2) per unit, according to CNN.

The town of Ollolai
The town of Ollolai is famous for its pristine beauty and tranquility.

However, homebuyers must commit to renovating these abandoned homes within three years. The area of ​​each apartment ranges from 40-150 sqm, the cost of repairing each unit is estimated at $ 25,000.

Once the capital of the Barbagian mountains of Sardinia on the Mediterranean Sea, the town of Ollolai is known for its pristine beauty and serenity and its distinctive traditional cuisine.

The town of Ollolai sells homes in the real estate market for 1 euro.
The town of Ollolai sells homes in the real estate market for 1 euro.

However, the population in this town has declined by almost half as young people migrate to large cities, with sloping rates. So many old houses in the village have been abandoned and slowly deteriorated over the years, with houses built 200 years ago.

Sardinia is a beautiful island on the Mediterranean Sea.
Sardinia is a beautiful island on the Mediterranean Sea.

Mayor Efisio Arbau persuaded local people to hand over their abandoned homes to the authorities.

“This campaign is to save our traditional values ​​from being forgotten and forgotten, and we are always tough and will not let our town die,” he said.

Hundreds of homes in the abandoned town of Ollolai.
Hundreds of homes in the abandoned town of Ollolai.

The Mayor issued a special decree last year and offered to sell the homes on the real estate market for one euro. So far, the town has sold three homes and more than 100 potential customers from all over the world, including Russia and Australia, who have expressed interest in becoming new residents in the town of Ollolai.

The population of Ollolai is aging.
The population of Ollolai is aging.

“These beautiful old houses are built on the granite of Sardinia, the rocks are only on the top of the mountain or along the coast,” Arbau said.

Local authorities hope the new owners will invest in renovating their old homes, thereby revitalizing the economy and living in this beautiful town.

You are reading the article Buying a house is cheaper than a cup of coffee in Italy in the Real Estate category at https://realestatevietnam.com.vn/.Any information sharing, feedback please email to info@realestatevietnam.com.vn, Hotline 0909890897 (24/7).

Special thanks!

Buying a house is cheaper than a cup of coffee in Italy
Review

Comments (0)