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The latest Italian town selling homes for $1 is Bivona, Sicily

So many towns in Italy 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.
The latest destination on the scene is Bivona, a small town deep in the heart of the southern island of Sicily, which is easing restrictions and offering tax bonuses to anyone who wants to pay just over a dollar to buy one of a dozen empty and dilapidated properties.
As in other Italian towns and villages offering properties for next to nothing, Bivona's young people have been deserting their home in pursuit of better opportunities in big cities, leaving it depopulated and in danger of dying completely.
"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."
As is usual with these deals, buyers are expected to invest in repairing and restoring the property. Bivona's tax incentives are for buyers who choose to also take up residency..
With other Italian communities from the snow-capped mountains of the north to the sun-kissed valleys of the south also selling off their old homes for a song, why should anyone choose this newcomer?

The latest Italian town selling homes for $1 is Bivona, Sicily

So many towns in Italy 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.
The latest destination on the scene is Bivona, a small town deep in the heart of the southern island of Sicily, which is easing restrictions and offering tax bonuses to anyone who wants to pay just over a dollar to buy one of a dozen empty and dilapidated properties.
As in other Italian towns and villages offering properties for next to nothing, Bivona's young people have been deserting their home in pursuit of better opportunities in big cities, leaving it depopulated and in danger of dying completely.
"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."
As is usual with these deals, buyers are expected to invest in repairing and restoring the property. Bivona's tax incentives are for buyers who choose to also take up residency..
With other Italian communities from the snow-capped mountains of the north to the sun-kissed valleys of the south also selling off their old homes for a song, why should anyone choose this newcomer?

The latest Italian town selling homes for $1 is Bivona, Sicily

So many towns in Italy 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.
The latest destination on the scene is Bivona, a small town deep in the heart of the southern island of Sicily, which is easing restrictions and offering tax bonuses to anyone who wants to pay just over a dollar to buy one of a dozen empty and dilapidated properties.
As in other Italian towns and villages offering properties for next to nothing, Bivona's young people have been deserting their home in pursuit of better opportunities in big cities, leaving it depopulated and in danger of dying completely.
"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."
As is usual with these deals, buyers are expected to invest in repairing and restoring the property. Bivona's tax incentives are for buyers who choose to also take up residency..
With other Italian communities from the snow-capped mountains of the north to the sun-kissed valleys of the south also selling off their old homes for a song, why should anyone choose this newcomer?

The latest Italian town selling homes for $1 is Bivona, Sicily

So many towns in Italy 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.
The latest destination on the scene is Bivona, a small town deep in the heart of the southern island of Sicily, which is easing restrictions and offering tax bonuses to anyone who wants to pay just over a dollar to buy one of a dozen empty and dilapidated properties.
As in other Italian towns and villages offering properties for next to nothing, Bivona's young people have been deserting their home in pursuit of better opportunities in big cities, leaving it depopulated and in danger of dying completely.
"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."
As is usual with these deals, buyers are expected to invest in repairing and restoring the property. Bivona's tax incentives are for buyers who choose to also take up residency..
With other Italian communities from the snow-capped mountains of the north to the sun-kissed valleys of the south also selling off their old homes for a song, why should anyone choose this newcomer?

The latest Italian town selling homes for $1 is Bivona, Sicily

So many towns in Italy 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.
The latest destination on the scene is Bivona, a small town deep in the heart of the southern island of Sicily, which is easing restrictions and offering tax bonuses to anyone who wants to pay just over a dollar to buy one of a dozen empty and dilapidated properties.
As in other Italian towns and villages offering properties for next to nothing, Bivona's young people have been deserting their home in pursuit of better opportunities in big cities, leaving it depopulated and in danger of dying completely.
"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."
As is usual with these deals, buyers are expected to invest in repairing and restoring the property. Bivona's tax incentives are for buyers who choose to also take up residency..
With other Italian communities from the snow-capped mountains of the north to the sun-kissed valleys of the south also selling off their old homes for a song, why should anyone choose this newcomer?

The latest Italian town selling homes for $1 is Bivona, Sicily

So many towns in Italy 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.
The latest destination on the scene is Bivona, a small town deep in the heart of the southern island of Sicily, which is easing restrictions and offering tax bonuses to anyone who wants to pay just over a dollar to buy one of a dozen empty and dilapidated properties.
As in other Italian towns and villages offering properties for next to nothing, Bivona's young people have been deserting their home in pursuit of better opportunities in big cities, leaving it depopulated and in danger of dying completely.
"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."
As is usual with these deals, buyers are expected to invest in repairing and restoring the property. Bivona's tax incentives are for buyers who choose to also take up residency..
With other Italian communities from the snow-capped mountains of the north to the sun-kissed valleys of the south also selling off their old homes for a song, why should anyone choose this newcomer?