Residents and authorities of some beautiful Italian villages started to see the power of investment in local areas.That’s why they are launching schemes to sell old dwellings to buyers for a symbolic € 1 fee! Can you believe it? And it’s seems like this is a growing trend.
Zungoli is a picturesque hamlet rising on a small hill surrounded by the mounts within a few kilometres to the next large town, Avellino.Through the town hall website you can now apply to express your interest in the prequalification process of buying a house for € 1in Zungoli.
It follows the example of other Italian small towns, namely Lecce nei Marsi in Abruzzo;Salemi, Regalbuto, Gangi  and Mussomeli in Sicily.But the list also include Montieri and Fabbriche di Vergemoli in Tuscany, Nulvi and Ollolai in Sardinia where the scheme has already been proven to work perfectly.

Investors have not only bought dwellings for private use, but have also opened hotels and B&Bs, enabling it to welcome growing numbers of tourists.

Locals are more than willing to welcome also international investment to enable their old towns to be revitalized and become busier once again.

The desire of Italian places to prevent depopulation is such that a number of them are selling off property at very low prices to encourage the purchase and the reinstatement of busy centres.