So, what’s the catch?

Italy has been quietly offering abandoned homes in picturesque towns for just €1 (about $1 USD) in a bold move to revive rural communities that are on the brink of becoming ghost towns. These villages, often nestled in the hills of Sicily, Sardinia, and mainland Italy, are rich in history, stunning architecture, and jaw-dropping views—but their populations are dwindling fast.

Local governments created the “€1 Home Project” as a win-win: You get a literal piece of Italy for next to nothing, and in return, you agree to renovate the property within a few years.

But Why Are These Homes So Cheap?

The homes themselves are often centuries-old stone buildings that have been abandoned for decades. Think cracked walls, no plumbing, leaky roofs... but also cobblestone streets, vineyards, and mountain views right outside your door.

For locals who’ve moved to the cities, these homes are liabilities—they cost money in taxes but sit empty. For foreigners, they’re a once-in-a-lifetime opportunity to own a slice of Italian paradise.

What’s the Real Cost?

While the house itself might cost $1, you’ll need to invest $20,000–$60,000 (on average) in renovations. That includes bringing the home up to safety codes, adding modern amenities, and making it livable. Some towns even require a small deposit (refundable once your renovations are complete) and proof that you can afford the project.

Still, you could own a dream home in Italy for less than a down payment in most U.S. cities.

Can Anyone Do This?

Yes! Most of these programs are open to anyone, regardless of nationality. Some towns even offer extra incentives like tax breaks, grants, or business opportunities if you relocate or open a small shop, cafe, or bed & breakfast.

There are dozens of active €1 home programs at any given time, and each one has different terms, deadlines, and listings. Timing matters—some homes get claimed fast, while others are sitting untouched.