How this €1 Italian home scheme is different from the rest

How this €1 Italian home scheme is different from the rest
Andrea Smith
12 March 2021
The village of Laurenzana has its origins in the Middle Ages © Massimo Piacentino/Reda&Co/Universal Images Group via Getty Images
Those who fancy the idea of purchasing a bargain Italian house may be interested in a town that is offering €1 homes and waiving the requirement for purchasers to pay a deposit.
The town of Laurenzana is located in Potenza in Italy's Basilicata region. It is offering abandoned houses in different sizes through the scheme to encourage newcomers to move to the area, reports CNN. There are a number of similar schemes operating throughout the country, and while the regulations may differ slightly depending on the town, such schemes usually require buyers to hand over a deposit of several thousand euro.

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