After a polarizing cycle of the presidential elections, many Americans fantasize about how to leave the United States and escape in another country. Ollolai, a mountain town quite on the island of Sardinia, capitalizes this walk with an offer impossible to resist: now you can buy a space here for only € 1 (which is transformed from $ 1. 06).
“Are you [worn out] through global politics?” Asks the new village website, which was presented with the American electorate in mind. “Are you looking to adopt a new way of life while getting new opportunities? It’s time to start the construction of its European escape in the lovely Sardinia paradise. “
The message is clear: Ollolai extends a warm Italian welcome to other people in fed up with the existing state of the Chamber. The mayor of the city. Francesco Columbu is even more direct. “We need and we will concentrate on Americans especially,” Columbu told CNN. “We bet on them to help us relaunch the town, they are our winning card. “
Ollolai’s impulse to attract new citizens is only a reaction to the elections, that is, a component of an current crusade in Italy to combat or opposite the decrease in the population. In 2022, the island of Sardinia presented new citizens of $ 15,000 to move there, while Tuscany presented to pay $ 32,000 to move to some of its maximum captivating villages. The cities have also given loose houses or almaximum.
The reason? The Italian Ministry of Environment published an exam in 2016, appearing that approximately 2,500 cities were so depopulated that they would not be more than 25 years.
Although Ollolai offers an undeniable and quiet way of life in one of the blue spaces in the global (where other people live more), the village figures have been reduced, other young people looking for greater opportunities in other places. He left this town of Sardin with aging population and empty houses.
To instill a new life in the town and attract a diversity of expatriates, Ollolai offers a 3 -level program. The maximum raffle agreement is the space of $ 1. These are old houses that require significant renewal, with estimated prices ranging from $ 21,000 to $ 52,800. Buyers have interaction in renewal within 3 years and possibly have to pay guarantee rates to produce their dedication.
For expatriates who wish to omit the Reveling of Fixer, Ollolai also has houses in a position to move in costs of $ 105,000.
The necropolis of Madau, an archaeological in Ollolai, Sardinia.
And if you are a virtual nomad that dreams of running from a distance from an Italian island, Ollolai also gives a transitional house loose to some determined candidates. In return, these virtual nomads give a contribution to the community, either through the creation of art, through leading workshops or participating in other projects.
What also sets Ollolai’s offer apart is the level of support offered to newcomers. Unlike many relocation schemes, this one includes a dedicated team to help with every aspect of the transition—from property tours and renovation advice to navigating Italy’s famously complex bureaucracy.
While the idea of owning a $1 home in a beautiful Sardinian village sounds like a dream, it’s essential to weigh the financial considerations. Renovation costs, legal fees and taxes can add up quickly. According to reports, the true cost of renovating one of these $1 homes in Italy can range from around $35,000 to $446,000.
However, it might still work out to be less than living in the United States, where the median price for a home is $440,000, according to a new report from Redfin. Plus, the investment also comes with the priceless benefit of being able to leave the U.S. and live la dolce vita in Italy.