Own A Home In Italy for $1

Buy a home in Italy for $1! Yep, one buck. Cinquefrondi[Chin-quay-frondi], a small town in the Calabria region of southern Italy, came up with this idea to attract new residents. The town is selling homes in need of renovations for one dollar. The town is calling itself a “COVID-free village,” as there have been no reported cases of the virus in the town. Mayor Michele Conia is calling the initiative "Operation Beauty." "Finding new owners for the many abandoned houses we have is a key part of the Operation Beauty [mission] that I have launched to recover degraded, lost parts of town," Conia said. There are now 12 homes available and 50 more empty homes that could end up on the market. The only requirement for the deal is that the homeowners pay an annual insurance policy of $284 until the work is completed. If you don’t finish the renovations in three years you are liable for a fine of about $23,000.