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Italian town sells free homes to lure residents

italian village
Ollolai, Sardinia,


  • The Italian town of Ollolai is promoting 200 homes
    for €1 ($1.25) in an effort to lure new
    residents. The village’s inhabitants has declined
    considerably within the final 50 years.
  • New house owners will have to renovate the homes inside of 3 years,
    which can price roughly $25,000.
  • Ollolai’s mayor hopes that the tactic will lend a hand
    maintain the town’s traditions.

On the Mediterranean island of Sardinia, the previous village of
Ollolai is in danger of changing into a ghost town.

Over the previous half-century,
the town’s inhabitants
has declined from 2,250 other people to simply
1,300. And now, there are masses of deserted homes.

In an effort to lure new residents, Ollolai’s executive is
promoting 200 of those homes for $1.25 each and every. According
to CNN, the village has already offered
3 properties
, and greater than 100 other people from internationally
have expressed pastime.

But there may be additionally a catch. As a part of the deal, the brand new
house owners will have to pay to renovate their homes inside of 3 years, which
is anticipated to price round $25,000.

italian village 2
An deserted house in
Ollolai, Sardinia, Italy.

Courtesy of
Ollolai comune proloco

The village’s mayor, Efisio Arbau, says the function is to
maintain Ollolai’s tradition.

“We boast prehistoric origins,” he informed
CNN. “My campaign is to rescue our distinctive traditions from falling
into oblivion.”

Ollolai_ _Costume_tradizionale_(11).JPG
A pageant in Ollolai,
Sardinia, Italy.


This is not the primary time an Italian town has introduced homes for
so little. As Business Insider prior to now reported,
town of Gangi
began promoting vacant homes for €1 in 2015.
Gangi and Ollolai shared the similar situation: Owners wanted to
provide plans for renovation throughout the first 12 months, and attach up
their properties inside of 3.

Some US towns have attempted identical methods to draw in new
residents. Small cities like Gary,
 and higher
 like Indianapolis, Indiana and Detroit, Michigan,
have indexed positive homes for $1 and even for free.

It’s unclear if the method will paintings in Ollolai,
however Arbau is constructive.

“Pride in our past is our strength,” he stated.
“We’ve at all times been tricky other people and may not permit our town to

About Joel Johnson

Joel S. Johnson writes for Business Finance Section in AmericaRichest.

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