The best things in life are free and so is your next dream home.
The primary way to buy a house is via real estate auctions. Homes that are in foreclosure are seized by the bank or local government and put up for sale. Since many such homes are in areas where there is little economic activity, the houses are sold on auction, meaning that if a buyer is lucky and there are no competing buyers, they may very well purchase the property for $1.
Apart from auctions, many governments give away houses for cheap in order to revitalize the economy, with some even paying families a monthly allowance. To find places that offer such schemes, look out for cities that were rapidly deindustrialized, and areas with low birth rates. In this list, almost all the listings meet one of these criteria.
So join us today, as we count down the current 20 Travel Destinations Where You Can Get A Home For $1.
20 Mystical Land Of Tokyo, Japan
In the Greater Tokyo Area, there exists a handful of beautiful houses for less than a dollar. If you're lucky enough, you can also score a property smack dab in the middle of Tokyo according to ReThinkTokyo. Keep in mind that these houses require a little bit of cleaning the first time so prepare to get your hands dirty which is a fair deal.
19 Or Even The Japanese Countryside
According to CNBC, plenty of vacant homes in the Japanese countryside have been auctioned in the market for less than a dollar or even for free. In an effort to breathe life into Japan's swiftly aging population as demand for a total innovative makeover increases. Grab the opportunity to live in the beautiful, laid-back towns of Shimane and Miyagi Prefecture now.
18 The Best City In The World: Toronto, Canada
Toronto is where it all happens. it is a melting pot and who wouldn't want to be a part of it? A couple of months ago, a three-bedroom house was listed on the market for $1. This is an increasingly common marketing trend, where real estate agents are starting auctions at $1 to get the ball rolling. If you're extremely lucky, there's a chance of snagging a beautiful home for a mere pittance. Additionally, there are several listings on Narcity.com, including a one-dollar family home, that are up for sale. You might get your hands dirty though, as the cheaper houses need some serious maintenance.
17 Serene Towns Of Monti Sciaga, Switzerland
See where a dollar can get you. A little Swiss town near Lake Maggiore, known for its breathtaking views, is giving out houses for less than a Euro to boost tourism in the region and to revitalize the community, according to Insider. Enjoy the laid-back Swiss way of life (and the Alps). What a perfect place to retire.
16 Rustic Villages Of Bivona, Sicily
Italy is the heart of Europe. Its Renaissance aesthetic and warm residents will surely make everyone around the world feel at home when touring the country. Take the Sicilian countryside for example. A number of homes are up for sale for a Euro in the sleepy but beautiful town of Bivona, from CNN's report.
This is part of the one euro house program in Italy, which is an effort to repopulate the rural areas and add some dynamism to the economy. Here is a list of participating cities.
15 Near Downtown Detroit, USA
The world-famous downtown of Detroit is now at a stone's throw thanks to some kind citizens, according to MoneyNation.com. The recession hurt Detroit badly, with some owners going as low as a buck just to flee. It's not as bad as long as you have a sustainable income and there are over 70,000 homes for you to choose from.
Across the US, there is an official dollar home program fronted by the Department of Housing and Urban Development (HUD), where local governments will sell houses that are worth less than $25,000 if they are not bought within six months of being on the market. By conducting due diligence and playing their cards right, real estate investors might just snag an entire house for one dollar.
14 Old-fashioned: Locana, Italy
Another sleepy town in Italy is giving out homes for a Euro to boost tourism in the area according to CNN. Declining to just 1,500 residents this year, the community hasn't been improving with 1 birth for every 40 deaths. The good news is that you will be paid over $9000 if you qualify.
13 Charming City Life: Buffalo, New York
Buy a one-dollar home by participating in Buffalo's Urban Homestead Program, which allows anyone to move in right away on the premise of rebuilding it and living in it for more than a few years, plus enjoy the historical landmarks such as the Erie Canal and the Colored Musicians Club.
12 Sambuca, Italy Countryside
Imagine living the European Dream in these villas without taking a dime out of your pocket and not worrying about your finances forever. Keep in mind that you should choose these homes carefully because some of them might need serious fixing according to a CNN report.
11 Down Under: Cumnock, Australia
This sleepy but beautiful town in NSW, Australia, with only less than 300 residents is attempting to be rebuilt so you can jump in and get a home for only a dollar a week, according to Straits Times. The only downside is that some stores and schools are slowly closing.
10 Peaceful Missouri, USA
You can buy your very own dream home in St. Louis for a buck, courtesy of the government's dollar home program. St. Louis also has the best nightlife in the USA with a few clubs in the city outside the friendly neighborhood.
9 Rural Living In Ollolai, Italy
With all the Italian towns on this list, we feel that we can conquer Italy for just less than 20 bucks. The home you see on the photo, from a CNN report, is supposedly worth a hundred thousand euros although the owners have put it up for just one euro because they want to get rid of it.
8 Multicultural: Liverpool, England
The $1 Liverpool homes in the Webster Triangle Area are still available for purchase so now's your chance to own a property in UK's most beautiful city. Since 2018, over 20 homes were put up for sale and 12 more are planned to be. See the amazing transformations, according to the Liverpool Echo.
7 Historical Gary Indiana, USA
Here's the deal: owning a home in Gary for a buck is as easy as 1,2,3 with all the right paperwork but the government expects you to renovate it in one year according to Business Insider. Challenge Accepted. Gary is a very laid-back city and a perfect place to start a family.
6 Quiet Town Of Cammarata, Sicily
Another town in the jewel of Europe is offering you to stay for just one Euro, from a report by CNN. Italians seem to be the most generous people because more foreigners take up these sweet deals and they are happy to give these homes up.
5 By The Sea: Antikythera, Greece
According to the Irish Times, an island in Greece is giving out homes for free and they will even give you a certain amount ($20000) of money for the task. But what's the catch? It's a remote island currently inhabited by scientists and researchers and about 4 families. Since then, more people have been waiting to get sponsored. What are you waiting for? Get in line.
4 Middle Of Nowhere: Ponga Village, Spain
Only in Spain can you own a village for nothing in return. It comes with houses too, such as this one located in Asturias, according to thelocal.es. The government says that the town is suffering from "de-population" and they want to combat this by bringing in new residents so this is your chance to play a little Sim City IRL.
3 For Art Lovers: Roubaix, France
Roubaix may be one of the poorest cities in France, but it's also one of the richest in terms of cultural heritage. We still can't see how this is poor (with its museums and boutique cafes and restaurants). Owning a dollar house is as easy as 1,2,3 but there's a catch. You'd have to bring your whole family in and live in the property for more than six years, according to TheLocal.
2 Simply Beautiful: Chicago, USA
Chicago is not only selling homes for a dollar but also big residential land comes with it, which is adequate space for living and to start and grow your business through the large lot program, according to the Chicago Tribune. Today, there are hundreds of unclaimed houses ready for anyone to claim. Note that there is a lengthy application and waitlist process to get through first.
1 Your Ultimate Dream House: A Castle In Italy
If you want to live out your favorite fairy tale, then Italy is the place to be. From the government's tourism program, they are willing to give out castles to anyone for free but there's a catch. You must be able to bring as many visitors as you can. According to CNBC, there are over 100 castles available. After you've proven to be successful, ownership will then be transferred to your name.