If you're searching for a bargain real estate opportunity, look no further. A small town on the Italian island of Sicily is easing restrictions and offering tax bonuses to anyone who wants to buy a house there. Oh, and did we mention the homes are selling for just one dollar?

3 Why Homes In Bivona Are Selling For $1

Bivona is the latest in a string of Italian towns to offer houses for under $10. Several of these small towns are having vacancy problems, seeing their residents leave the countryside for bigger, more populated metropolitan cities. In fact, Bivona's culture councillor told CNN the town's population has halved in the past 40 years. Selling homes for one dollar is how they hope to bring people back.

2 The Fine Print

While many people may be thinking the offer is too good to be true, there really is no catch to purchase one of these homes. All Bivona asks is that buyers invest in renovating whatever property they buy. The town is also asking for a deposit of around $2,750 up front - but it will be returned to the homeowners once the repairs are complete. Another plus, Bivona is expanding the usual three year mandatory renovation period to four years. That means after all building permits are submitted and approved, building can begin one year later and must be completed within the following three. They are also offering tax bonuses for any buyers who decide to take up residency and actually move to the small town. The one dollar houses will be posted in the coming days on Bivona's website together with maps, details and photos.

1 Other Discount Home Options In Italy

If Bivona doesn't look like your cup of tea, Italy has a few more options for the discount real estate shopper. Mussomeli is another village on the island of Sicily selling fixer-upper homes for a little over one dollar.

The deposit Mussomeli is asking for is a little higher - at $5,600 - and you only have three years to complete renovations compared to Bivona's four. A third town in Sicily - Sambuca - also selling homes for one dollar. Their conditions are that buyers must put down a $5,700 deposit, refurbish the property in three years, and commit to spending at least $17,000 on renovations. Still, a small amount when considering real estate costs in North America and what a typical summer destination home can go for.

Source: cnn.com, thrillist.com, news.au.com