Increasing number of Italian cities forced to sell homes for €1.

Bivona, Italy
Bivona, Italy Image: Salvatore Giallombardo (wikimedia)

Italy, like many other european countries faces a major rural exodus and ageing of the population. Specifically the young are heading to metropolitan areas in search for better opportunities in life, leaving behind the towns and the mainly older residents.

The small rural town of Bivona on Sicily has around 3.800 inhabitants today, but has lost about just as much in the last 40 years. Like many other villages and town it offers homes to outsiders for 1€ in return for its restoration. In addition Bivona also adds tax bonuses and easing of construction restrictions to the deal.

Read more at CNN.

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