Italy is a bucket-list destination for its stunning architecture, culture and history — but some cities aren’t as desirable as others. Some towns consist of abandoned homes, leading to dying communities and down economies. After taking a major hit from COVID-19, multiple communities are taking a turn for the worse.
In hopes of rebuilding, many mayors throughout various affected cities and towns are trying to entice buyers to purchase real estate in these communities and restore them to their original beauty. Abandoned houses are on the market for €1, roughly equaling $1. Officials hope this will convince families, friend groups, couples, investors and more to buy property in the area and rebuild these fallen communities.
Part of the deal with purchasing the properties: Buyers are expected to fully renovate the homes. Once fully renovated, owners can move in, save it as a vacation home or wait until the area is flourishing again and sell it for profit.
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