You can buy a house with one-euro in this Italian town

Of course, the real cost of buying such houses is far higher than the symbolic one euro sale price. While other towns selling one-euro homes require a deposit of up to €5,000 ($5,635) - which the buyer forfeits if they fail to renovate the house within three years - Cinquefrondi authorities instead request an annual €250 policy insurance fee until works are completed.