Penne, Italy, has reintroduced $1 homes, seeking to attract new residents and revive its historical center, which has suffered from emigration and neglect. Local mayor Gilberto Petrucci highlighted the existence of over 40 abandoned properties in the area, warning that without intervention, Penne risks becoming a 'ghost town.' To facilitate home purchasing, the town has removed deposit requirements for buyers. This initiative builds on similar programs in Italy that aim to revitalize rural communities by enticing new homeowners with affordable housing opportunities.
"There are potentially over 40 empty buildings in town looking for new owners, and they're all located in the historical center which has been declining since families started emigrating decades ago."
"It just hurts me so much to see these houses just lying there abandoned. It's a like a wound."
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