Image: Instagram@mickyrasnuovoCinquefrondi is only 15 minutes from the beach.
A stunning Italian town is looking for new residents to move in, and it'll only cost you €1, but you have to be willing to renovate.
The town is question is called Cinquefrondi, located in the southern region of Calabria, is just 15 minutes away from the beach by car and the town in question is COVID-free according to its Mayor.
On top of the initial €1 for the property, a further €250 insurance policy will need to be paid annually until the property has been renovated.
However the buyer doesn’t complete their renovations within three years, they could be liable for a €20,000 fine.
Town Mayor Michele Conia told CNN: “Finding new owners for the many abandoned houses we have is a key part of the Operation Beauty [mission] that I have launched to recover degraded, lost parts of town.
“Too many people have fled from here over the decades, leaving behind empty houses. We can’t succumb to resignation.
“We rise between the refreshing hills and two warm seas, a pristine river runs nearby, and the beaches are just 15 minutes away by car.
“But a whole district of my town lies abandoned, with empty houses that are also unstable and risky.
“We’re just asking for some kind of certainty once a new buyer commits to the project.”
Earlier this year, Bisaccia, in the south of the Campania region, two hours from Naples, also put 90 buildings on the market for €1.
