Italian Town Aims to Rebuild Itself With Sale of $1 Homes


Ollolai remains the most untouched and authentic patch of Sardinia -- Italy's lush Mediterranean island.

The following article, written by Silvia Marchetti, appears on CNN.com.

Italian town Ollolai sells $1 homes to lure new residents

Ever dreamed of owning a home in a pretty Italian village? The news you’ve been waiting for has finally arrived.

You can now buy one for just over a dollar.

Ollolai, a destination in the mountain region of Barbagia on the Mediterranean island of Sardinia, is selling hundreds of abandoned homes for just €1 ($1.20).

It’s not the first Italian town to try the gimmick, but it seems to be the first to live up to the promise. It’s also got the beauty and history needed to draw people in.

The real estate bonanza comes with a catch, though. The 200 stone-built dwellings up for grabs are in poor condition and buyers must commit to a refurbishment within three years — which will likely cost about $25,000.

Behind the sell-off is a plan to rejuvenate a community at risk of becoming a ghost town. In the past half century, Ollolai’s population has shrunk from 2,250 to 1,300, with only a handful of babies born each year. Continue reading at CNN.com.

Join Sunday Supper, OrderISDA’s weekly e-newsletter, for the latest serving of all things Italian. 

Make the pledge and become a member of Italian Sons and Daughters of America today!

Share your favorite recipe, and we may feature it on our website.

Join the conversation, and share recipes, travel tips and stories.