Good News Story: Buy a house for a buck!

If you’ve always dreamed of moving to Italy, this might be your chance. There’s an idyllic village on the island of Sardinia that wants to encourage new neighbors to join the community, so they’re selling homes for just one euro or about $1.25!

Sardinia boasts a beautifully warm Mediterranean climate with long, hot summers and coastal temperatures averaging 28.5 degrees (83F) in July and August. The island is renowned for its 'six-month summer' which means that the sea can be warm enough for swimming from May until October.

Yes, for less than the cost of a cappuccino, the tiny town of Ollolai will sell you a home there. They’ve had so many folks move away - the population has gone from 2,250 to 1,300 over the last 50 years - that they don’t want to see it turned into a ghost town, so they came up with this clever way to encourage new residents.

Of course, there’s a catch to this sweet deal, but it’s not too bad. Prospective buyers have to agree to renovate the home within three years, which is estimated to cost around $25,000. But for a home on the Mediterranean island, it seems totally worth it. So if you want to get in on the deal, applications must be in by February 7 to the village website.

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