It sounds a dream come true anyone looking to get the property ladder - a home one euro (about $1.14). A picturesque town the island of Sicily, Italy is selling houses just €1. The bargain price is to attract people to move to the hilltop town of Sambuca because a rapid decline its population. Like many rural towns in Italy, the number Sambuca's residents is dwindling because many young people are moving to cities. The Sambuca mayor believes the houses will be easy to sell because his town is so attractive. It overlooks the Mediterranean Sea, is close to gorgeous beaches and has retained its heritage its cobbled streets and Arabesque architecture.
Like all bargains, there is a small catch to the one-euro houses - the buyer must promise to spend $17,000 renovating the property three years purchasing it. Sambuca's deputy mayor said the houses are owned the town, so there is little the red tape normally associated buying a property. He said: "We're not intermediaries who liaise old and new owners. You want that house, you'll get it in no time." He promised potential buyers would love the town. He said: "This fertile patch land is dubbed the "Earthly Paradise". We're located a natural reserve, packed with history. Gorgeous beaches, woods and mountains surround us. It's silent and peaceful - an idyllic retreat a detox stay."