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
When a guest brought a precious Charles Rohlfs chair, expert John Sollo confessed that he was nervous to appraise it.
4 minutes ago
The guest had no idea about the item being a Tiffany product and being embedded with a rare gem.
20 hours ago
The host was baffled by the goof up that the contestant made between two words.
21 hours ago
Carey showed that he has got the weapon of sarcasm, and he isn't afraid to use it.
22 hours ago
Whatever the host was expecting, it was far away from what the contestant said on national TV.
23 hours ago
The guest was surprised to learn more about the item he had actually found on the street for free.
1 day ago
After going through everything on the board, the player left Harvey in hysterics with his answer.
1 day ago
As it so turned out, the weird-looking floor lamp was a piece from a very famous studio.
1 day ago
Most contestants were consistently getting the answers wrong, and Harvey was worried about what was next.
2 days ago
Some claimed that they got the puzzle despite English being their second language.
2 days ago
The letter was written to a columnist in response to a piece taking a swipe at Sinatra.
2 days ago
In a special episode of Celebrity Family Feud, a WWE star decided to go for the one thing Harvey is known for.
3 days ago
Luck was shining for her as she was off to a flying start and won the car with a single card.
3 days ago
Sajak had a witty reply for the contestant who was fanboying over White during the game.
5 days ago
The model said that considering White's age she would also take the offer from Sony.
5 days ago
Sheila won a brand new entertainment unit, complete with an HD plasma TV and mini bar from Howard Miller.
6 days ago
The appraiser disclosed that Yoakum began painting in the 1960s and he created one unique piece of art every single day.
6 days ago
The entrepreneur also managed to get the sharks to taste the vegan alternative meant for pets.
7 days ago
Throughout the game Monica tried to calm her nerves by placing her right hand over her chest.
7 days ago
Harvey later realized that the contestant had a crush on him and they had a moment.
7 days ago