A forward-thinking town in Italy is not only selling run-down houses for €1, the town is also trying to lure new residents with a creative offer that makes more sense: It is selling unoccupied houses that are turnkey-ready at bargain-basement prices. Think rates starting as low as €7,500 ($9,000) and going up to €13,000 ($15,778), according to Forbes’ Senior Contributor Laura Begley Bloom.

The town is Biccari and it is located in southeastern Italy in the attractive Puglia region. Set at the foot of Monte Cornacchia (which has a view from the peak of the nearby Adriatic Coast), Biccari is surrounded by rolling hills and forests, olive groves and a lake.

It’s known for an unusual white pizza sprinkled with chili powder, extra-virgin olive oil made from trees planted by ancient Greek colonizers and a delicate Cacioricotta cheese that is made from goats that wander in the nearby fields.

The closest major city is Rome, which is about a three-and-a-half-hour drive away. The town made news in 2019 when it announced plans to build a series of bubble rooms that would allow travelers to sleep under the stars; there are also charming little treehouses for rent.

Read the full article on Forbes.com.

Make a Pledge and join Italian Sons and Daughters of America today.