Italian town auctions homes for $1 to bring in residents: Report

Italian town auctions homes for $  1 to bring in residents: Report

There’s yet another Italian town selling homes for one Euro, or $ 1.18

Salemi, Italy, will be auctioning off a few dozen abandoned houses, starting at one Euro, according to DailyMail.com.

The town, in the Southwest part of Sicily, is the latest to join the growing trend started by other towns such as Sambuca and Mussomeli.

Though Salemi is the most recent town to participate in the trend, DailyMail.com reported that it was one of the first places to recommend the strategy as a way to draw residents — and have some of its old homes renovated.

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However, the project took a while to get started because the town had to update some of its infrastructure. 

Salemi, Italy, in Southwestern Sicily, is auctioning houses starting at one Euro, or about $  1.18 (iStock)

Salemi, Italy, in Southwestern Sicily, is auctioning houses starting at one Euro, or about $ 1.18 (iStock)

There were also delays because of the coronavirus pandemic. Italy was one of the hardest-hit countries in Europe. 

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Although the houses in Salemi are at a starting price of one Euro, they will be sold to the highest bidder. 

Potential buyers do not have to bid in person, because of the pandemic, according to DailyMail.com. However, they do have to submit a “detailed” plan to renovate the home they are planning to buy, the website reported. 

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Small Italian towns have struggled to maintain their populations as more and more people move to cities, News.com.au reported in May of last year. That has left many towns with abandoned homes.

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