You can buy a home in this quaint Italian town for just ONE EURO

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Didn't think you could afford a lovely little home in Europe? Think again. 

The best part of 100 houses in the idyllic village of Bisaccia are up for grabs for just one Euro.

The properties are owned by the local authorities and whilst new owners will be expected to make renovations, there is no minimum spend or time-frame being enforced.

Gianfranco Vitolo/Flickr

Situated in Avellino, the area has suffered due to many residents moving away in recent years, and it is hoped that budget house prices will lure new people.

A series of earthquakes - the last one striking in 1980 - have also been cited as a reason for declining numbers in the region.

Bisaccia's deputy mayor Francesco Tartaglia explained the decision in an interview with CNN Travel: "We face a very particular situation here. The abandoned [area] spreads throughout the most ancient part of the village.

"Forsaken houses are clustered together, one next to the other along the same roads. Some even share a common entrance.

"That's why we welcome families, groups of friends, relatives, people who know each other or investors to join forces. We encourage them to buy more than just one house to actually have an impact and breathe new life."

Bisaccia isn't the first Italian town to put its homes on the market for a price cheaper than a pint in Oyster Bar.

The neighbourhood of Bivorna also began advertising its properties for one Euro last year to stop the space turning into a ghost town.

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