You Can Now Buy A ‘Dream’ Home For €1 With No Deposit In A Town In Italy

There’s not much you can buy for a quid these days, so when we say you can buy a home in an Italian town of Laurenzana for just €1 – you may not believe us.

But it’s the real deal, and you don’t even need a deposit! For next to nothing, you could own your own house in the beautiful country of Italy – the home of great wine, pasta and pizza.

In the Basilicata region of southern Italy, the town of Laurenzana is the latest town to entice new buyers to the area.

But, unlike other towns and villages that stipulate that buyers must put down a deposit of around €2,000 to €5,000 to secure the houses until renovation work is complete, this town isn’t asking for anything.

The town of Laurenzana aims to increase its population with the help of the scheme – which has been incredibly popular for other neglected Italian towns. Mayor Michele Ungaro told CNN: “We want to help newcomers purchase the house of their dreams without making it hard for them to follow tedious procedures and tight requirements.”

For those of us that have spent the last year in lockdown, the idea of renovating a house bought for €1 in the south of Italy sounds like an absolute dream.

We can almost taste the Aperol Spritz and freshly-cooked pizza now!

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