Another Italian town selling homes for just over $1.50

Bisaccia. Photo credit: Getty

Local authorities in the picturesque Italian town of Bisaccia are putting houses on the market for NZ$1.50 as an incentive for people to move there and pump much-needed life back into the town. 

The stunning town with a population of just under 5000 people is located in the southern Campania region. The population has steadily declined since a large earthquake hit the area in 1980, leaving some areas completely abandoned. 

Ninety buildings will be up for sale in the oldest part of the village, reports CNN Travel. 

But you will need to pay for the renovations as many homes are in dire need of repair. 

"Forsaken houses are clustered together, one next to the other along the same roads. Some even share a common entrance," the town's deputy mayor Francesco Tartaglia told CNN Travel.

"That's why we welcome families, groups of friends, relatives, people who know each other or investors to join forces."

Tartaglia hopes large groups will buy the houses together, saying it will have a more positive impact on the economy if more people move to the area.

Bisaccia joins many other small or rural communities across Italy looking for solutions as people flock to the cities. Back in 2018, abandoned properties in the Italian town of Ollolai on the island of Sardinia went up for grabs for just NZ$2.

With another international survey revealing more New Zealand's cities are becoming "Severely unaffordable", Italy could be the way to go.