You've never had a better opportunity to pack up everything and make the move to Italy. The Sicilian town of Bovina is the latest in a long list of struggling villages that have started offering houses at extremely low prices. This gorgeous town is in the middle of a population crises, having had its population drop by more than half over the last 40 years, with only 3,800 residents remaining.

Bivona hopes to finally buck this trend and increase its population once again by selling its historic homes for just US$1. Unsurprisingly it's not quite that simple, as owners also have to put up a bond of US$2,750 and commit to renovating the home within four years of purchasing their new property.

PHOTO BY: RICCARDO LOMBARDO/REDA&CO/UNIVERSAL IMAGES GROUP VIA GETTY IMAGES

PHOTO BY: RICCARDO LOMBARDO/REDA&CO/UNIVERSAL IMAGES GROUP VIA GETTY IMAGES

Bivona's culture councillor, Angela Cannizzaro says "Renovation can begin one year after all building permits are granted and must be completed within the following three"

"Also, there will be appealing tax bonuses for those who decide to take up residency and actually move here."

The homes are a mixture of one and two-storey, with the later being encouraged to live on the top floor allowing to launch a business on the lower level in the hope to breathe life into the town's struggling economy.

Bovina itself is surrounded by green valleys and mountains and entering this iconic town is like stepping back into another era. Located only a 40-minute drive from the coast, which hosts breathtaking scenery and a delectable cuisine scene, this is an offering that is truly quite enticing. 

To find out more about these $1 houses, see maps, photos, and details about each property, head to Bivona's website comune.bivona.ag.it.

You've never had a better opportunity to pack up everything and make the move to Italy. The Sicilian town of Bovina is the latest in a long list of struggling villages that have started offering houses at extremely low prices. This gorgeous town is in the middle of a population crises, having had its population drop by more than half over the last 40 years, with only 3,800 residents remaining.

Bivona hopes to finally buck this trend and increase its population once again by selling its historic homes for just US$1. Unsurprisingly it's not quite that simple, as owners also have to put up a bond of US$2,750 and commit to renovating the home within four years of purchasing their new property.

PHOTO BY: RICCARDO LOMBARDO/REDA&CO/UNIVERSAL IMAGES GROUP VIA GETTY IMAGES

PHOTO BY: RICCARDO LOMBARDO/REDA&CO/UNIVERSAL IMAGES GROUP VIA GETTY IMAGES

Bivona's culture councillor, Angela Cannizzaro says "Renovation can begin one year after all building permits are granted and must be completed within the following three"

"Also, there will be appealing tax bonuses for those who decide to take up residency and actually move here."

The homes are a mixture of one and two-storey, with the later being encouraged to live on the top floor allowing to launch a business on the lower level in the hope to breathe life into the town's struggling economy.

Bovina itself is surrounded by green valleys and mountains and entering this iconic town is like stepping back into another era. Located only a 40-minute drive from the coast, which hosts breathtaking scenery and a delectable cuisine scene, this is an offering that is truly quite enticing. 

To find out more about these $1 houses, see maps, photos, and details about each property, head to Bivona's website comune.bivona.ag.it.