With the cost of an average UK home now topping £300,000, it's still possible to purchase a property for less than a pound. This unbelievable offer is available in small towns and villages across Italy, where local authorities want to attract foreign investment and breathe new life into neglected regions with homes on sale for just a single euro.
The 1 Euro Houses Project points buyers in the right direction to snap up a bargain and help revive areas that have suffered from an exodus of younger people over the decades. The scheme has been operating for around seven years, when entire Spanish villages started going on the market for less than the cost of a one-bedroom apartment in London.
Buyers have to make a significant investment in refurbishing the properties. Add on estate agent fees of about 400 euros, taxes and utility costs, and the price to make a home habitable nears 30,000 euros.
