This COVID-free Italian village is offering homes for merely $1

As countries reopen borders and travel restrictions are being relaxed, opportunities for travel also seem to be making their way. Amid all the crises, one small town in Italy is offering something that it is just too good to give it a miss.
Reportedly, a small town in Italy is offering homes for just one dollar. The region that claims to be COVID-free, and is offering this insane deal to attract more visitors as residents. The said area is in the southern region of Calabria, Cinquefrondi, is trying to sell off homes as the country is emerging from COVID-19 lockdown.

This tiny town in the foot of Italy is offering homes at such cheap rates to increase the number of residents, or say its population. As per the reports, young people shift bases to bigger cities in search of jobs, the reason why Cinquefrondi now wants to welcome new residents.
The idea of offering houses at $1 has been branded as Operation Beauty. Referring to this, Cinquefrondi Mayor Michele Conia said that finding new owners for the many abandoned houses is a key part of the operation, which they have launched to recover degraded, lost parts of town.

The Mayor added that he grew up in Germany, where his parents had migrated, however, he came back to save his land. He emphasised too many people have fled from here over the decades, thereby leaving behind their empty houses. He reiterated, “We can't succumb to resignation."

Further, as per the news reports, the new home owners will be required to renovate their homes within a period of three years. As opposed to other Italian towns that have offered homes for a euro, one would not be required to pay a hefty down payment in Cinquefrondi. However, the buyer must give up if they fail to renovate the home within the said time frame. Also, the town also requires an annual €250 policy insurance fee till work on their home is complete.

If the buyers fail to renovate their homes within the deadline, they're liable to pay €20,000 as fine. However, the houses, which once belonged to shepherds, farmers, and artisans, are fairly small, so the 3-year timeline doesn’t seem unreasonable.