Town Selling Homes for $1

The town of Ollolai on the island of Sardinia, Italy, is selling 200 abandoned homes for 1 euro each. The catch is you have to be ready to spend $25,000 in refurbishment costs within the next three years. Local officials are offering to aid any new owner with grants that range from 20 to 60 percent of the total renovation's cost. Ollolai was once the thriving capital of the region of Barbagia, but in half a century, the town’s population has decreased by nearly 1,000 people.  



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