Calabria, Italy – Italy decides to sell homes for merely a dollar.
The quaint town of Cinquefrondi, in the southern area of Calabria is selling the abandoned houses for $1, claiming it is a “Covid-free village” amid the ongoing pandemic in hopes that it will entice buyers so the area can be revitalized again.
“We rise between the refreshing hills and two warm seas, a pristine river runs nearby and the beaches are just 15 minutes away by car. But a whole district of my town lies abandoned, with empty houses that are also unstable and risky,” Mayor Michele Conia told CNN.
The mayor of the town Michele Conia even gave this task a code name as ‘Operation Beauty’ as he considers the task very serious. He aims to populate the area again by finding new owners for the many abandoned houses in Cinquefrondi.
“I grew up in Germany where my parents had migrated, then I came back to save my land. Too many people have fled from here over the decades, leaving behind empty houses. We can’t succumb to resignation.” disclosed Mayor Michele Conia.
While all the other towns that are selling homes for one euro to repopulate the area, the homes require a down payment of up to $5,635 for the buyer to forfeit if they fail to renovate the houses in three years. However, Cinquefrondi requests only an annual policy insurance of $281 until the house is completely renovated.