You are using an older browser version. Please use a supported version for the best MSN experience.

I stayed in one of Italy's ghost towns that's selling off homes for $1, and I was treated like royalty

Business Insider Logo By Tom Murray of Business Insider | Slide 1 of 33: 
  In June, I traveled to Sicily to visit some of the towns that
  are selling off homes to foreigners for as little
  as €1 ($1) to see what they were really like.
  
  In particular, I stayed in Sambuca, whose scheme has received
  some of the most 
    widespread media coverage.
  While the town was unsurprisingly quiet, I was bowled over by
  the hospitality I received.
  
  
    
      Visit Business Insider's homepage for
    more stories.
  

  Italy's rural towns just don't have enough people in them.

  That's why so many of them have launched last-ditch schemes in a
  bid to resuscitate their economies.

  Most recently, the entire region of Molise 
  offered visitors €25,000 ($27,500) to move there, provided
  they set up a business in one of the towns with less than 2,000
  residents.

  The most common tactic, though, has been offering abandoned homes
  for as little as one euro ($1.11).

  
    Read more:
    
  Meet the Americans, Brits, and Europeans flocking to Italy's
  rural ghost towns to buy abandoned, dilapidated homes for
  $1
  

  There's always a catch, of course - the homes have often been
  left untouched for years and are in a dilapidated state, and you
  must commit to spending a certain amount on renovations.

  In June, I traveled to Sicily to visit some of the towns that had
  employed these schemes to see what they were really like.

  In particular, I stayed in Sambuca, a charming town that has
  received the most widespread media coverage after 
  CNN Travel happened upon it in January.
  While the town was even quieter than I anticipated, I was bowled
  over by the hospitality of its inhabitants who treated me like
  royalty.

Italy's rural towns just don't have enough people in them.

That's why so many of them have launched last-ditch schemes in a bid to resuscitate their economies.

Most recently, the entire region of Molise offered visitors €25,000 ($27,500) to move there, provided they set up a business in one of the towns with less than 2,000 residents.

The most common tactic, though, has been offering abandoned homes for as little as one euro ($1.11). 

There's always a catch, of course - the homes have often been left untouched for years and are in a dilapidated state, and you must commit to spending a certain amount on renovations.

In June, I traveled to Sicily to visit some of the towns that had employed these schemes to see what they were really like.

In particular, I stayed in Sambuca, a charming town that has received the most widespread media coverage after CNN Travel happened upon it in January.

While the town was even quieter than I anticipated, I was bowled over by the hospitality of its inhabitants who treated me like royalty.

© Tom Murray / Business Insider

More from Business Insider

Business Insider
Business Insider
image beaconimage beaconimage beacon