ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / NEWS

Unhappy with the election result? Americans can move to an Italian village offering homes for $1

In addition to the $1 homes, options are also available for digital nomads as well as big spenders willing to settle down.
PUBLISHED NOV 26, 2024
Representational image of Beautiful tourist taking photos outdoors in Italy (Cover image source: Getty Images | Deklofenak)
Representational image of Beautiful tourist taking photos outdoors in Italy (Cover image source: Getty Images | Deklofenak)

The recent presidential election was one of the most polarizing polls in American history and Donald Trump's victory has triggered a lot of speculation about national emergency and use of the military among other policies. As the President-elect promises mass deportations, a large number of American citizens are contemplating leaving the country. While celebrities like Ellen Degeneres have already made a move, many feel stuck as relocating to another country is daunting and expensive.

However, people facing a dilemma due to the costs involved have the option to start a new life in a village on the island of Sardinia, Italy, in homes starting at €1 (approximately $1.06) under a revamped housing program. The mountain village of Ollolai also promises special treatment and all the assistance Americans need to relocate. 

View over the colourful town of Bosa, Oristano, Sardinia, Italy (Image source: Ellen Van Bodegom/Getty Images)
View over the colourful town of Bosa, Oristano, Sardinia, Italy (Image source: Ellen Van Bodegom/Getty Images)

Escape to Europe Made Easy

Following the election outcome on November 5, 2024, the village launched a website to lure expats to repopulate its residences. While the website doesn't mention Americans in particular, the offer might be the best thing for them right now.

"Are you worn out by global politics? Looking to embrace a more balanced lifestyle while securing new opportunities? It's time to start building your European escape in the stunning paradise of Sardinia," the headline of the website read. Ollolai is essentially extending a warm Italian welcome to people fed up with the current state of affairs at home, including America. The town's mayor, Francesco Columbu further confirmed to CNN that the website was specifically created to attract American voters. 

“We just really want, and will focus on, Americans above all,” he says. The mayor added that while people from other countries aren't banned, the focus will be on Americans and they will be offered a fast-track procedure. "We are betting on them to help us revive the village, they are our winning card," he told the news outlet.



 

Perks of Relocating to Ollolai

Mayor Columbu told CNN that the village is offering three tiers of accommodation. Under its revamped program, free temporary homes are available for the "digital nomads", and for those who are looking to settle down, homes in need of renovations are available for one euro. Ready-to-occupy homes are also up for those looking to pay up to and over €100,000 or about $105,000. The village is located in the rural heart of Sardinia, and it's just over an hour away from the island's most famous beaches. 

Hiker admiring the view from a cave in Capo Caccia, Sardinia, Italy -(Image source: Francessco Riccardo lacomino/Getty Images)
Hiker admiring the view from a cave in Capo Caccia, Sardinia, Italy (Image source: Francessco Riccardo lacomino/Getty Images)

Currently, the website has a tab to explore the properties and Columbu said that the photos and plans of available empty properties will be uploaded on the website as well. The mayor added that a special team has been set up to guide buyers through every step of their purchase. The preferential treatment to Americans includes tailored private tours of the available properties, assistance in finding contractors and builders for the renovation, and help in navigating the paperwork.

In the past century, Ollolai’s population has dropped from 2,250 to 1,300. The tough economic situation has pushed many families out of the village, causing a drop in the birth rate, according to CNN. Thus, the town is making attempts to attract newcomers and stop depopulation, by offering affordable housing to begin with.



 

Ollolai isn't the only Italian destination offering special treatment to expats. There has been an ongoing campaign across Italy to fight a drop in population in rural areas. Previously in 2022, the island of Sardinia offered incentives of about $15,000 to people willing to move there. Tuscany also offered incentives worth $32,000 for people to move to some of its most charming villages.

MORE ON MARKET REALIST
The contestant, Staci Urban put up a great show to win over $60,000 in one night.
2 hours ago
The TikToker warned fellow shoppers about the risks of infection from the salmon.
21 hours ago
With four sharks eager to invest, the founder of Kinfield knew how to get two of them to team up.
22 hours ago
Shanquetta Cato, who participated in the 'Teacher's Week' did 'not get lucky' on the show.
23 hours ago
After his book expert, Rebecca, raved about the rare book, the pawn shop boss knew he had to make a deal.
1 day ago
At one point, the host was begging the players to give just one sensible answer.
1 day ago
The long and difficult Bonus Round that cost Toya Johnson-Moore and Dionna Houston dearly.
1 day ago
Cuban swooped in to save Alexander Simone, the founder of ProntoBev from Mr Wonderful's greed.
1 day ago
The man who brought the box on his shoulder had no idea that it was a relic of the American Revolutionary War.
2 days ago
Harrison got a great deal for the historically significant document.
2 days ago
When the founders of Flated hesitated to close the deal, all the other Sharks came together.
2 days ago
TikTok creator, Crissy shared a little win for all the short shoppers out there.
2 days ago
The player, Lisa Thomas's phenomenal comeback after falling behind initially.
2 days ago
While Harrison wanted to get the Steve McQueen owned 1940's Indian Bike, he couldn't make a deal.
3 days ago
While he has a spotless track record on screen, Jennings loves to have fun behind the scenes.
3 days ago
The contestant, Desiree Kramer pulled off a stunning sub-two second win in the finale.
4 days ago
The painting from former NFL Player Ernie Barnes turned out to be one of the most valuable pieces.
4 days ago
Contestant Eleni Kapetanakis faced a rather unusual 'Place' category puzzle on the show.
4 days ago
The seller brought the original tie and handkerchiefs worn by James Gandolfini on 'The Sopranos.'
4 days ago
Fans said they weren't 'having a few laughs' after Kiana Moreland missed the $100,000 jackpot.
4 days ago