The beautiful Sicilian town of Bivona is the latest destination to offer houses for sale for just over $1, sweetening the deal by offering tax breaks and easing restrictions for anyone wanting to buy a piece of rural Italy.
So many Italian towns are now competing to offload old houses for less than the price of an espresso that some are trying to sweeten the deal further to lure buyers away from their rivals.
"In the last 40 years, our population has halved. Today we're down to just 3,800 residents," says Angela Cannizzaro, Bivona's culture councilor. The plan, she adds, is to restore the town to its 16th-century heyday."We want to recover the lost grandeur of our greatest time in history, back in the Renaissance, when 8,000 people lived in Bivona and it was a flourishing feudal duchy blessed by Emperor Charles V.
Other towns, including the Sicilian communities of Mussomeli and Cammarata, have required buyers of homes on the market for $1 to stump up $5,500 as a deposit, refundable if the new owner starts renovations within three years.
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