Getting on the property ladder is no mean feat these days - unless you fancying getting yourself a property in Bisaccia, Italy, that is.
The picturesque little town is located in the Campania region - which is situated around the ankle area of the greater boot that is Italy - and 90 properties have been put on the market for a euro (85p).
As you might expect with that price tag, these homes do not offer luxurious living - quite the opposite in fact. The houses are dilapidated and the community is dying, due to a combination of emigration and a series of severe earthquakes, with the most recent one striking in 1980.
In return for the bargain house, it is expected that buyers will renovate the building before moving into it. The town's deputy mayor, Francesco Tartaglia, hopes extended families and friends may consider moving together, as the tightly knit nature of the architecture lends itself to communal restoration projects.
Speaking to CNN Travel, he said: "We face a very particular situation here. The abandoned [area] spreads throughout the most ancient part of the village. Forsaken houses are clustered together, one next to the other along the same roads. Some even share a common entrance.
"That's why we welcome families, groups of friends, relatives, people who know each other or investors to join forces. We encourage them to buy more than just one house to actually have an impact and breathe new life."
Bisaccia is not the first town in Italy to offer up houses for pennies like this, however unlike in other areas, the authorities own the abandoned buildings, which means buyers won't have to go through protracted negotiations with the original owners.
"This stands as a guarantee that the disposal process will be speedy and smooth, we won't need to chase descendants of old owners nor have any issues with third parties," Mr Tartaglia said.
So, before you gather up your mates and empty your piggy bank, a little about the town. It is situated on the border of regions Campania, Basilicata and Puglia and is littered with Bronze Age caves and catacombs. There's also plenty of trekking to do in the peaceful surrounding hills and the place is known for boasting all manner of weird and wonderful pasta shapes.
Mr Tartaglia said: "Our folklore and traditions are the product of a picturesque contamination between regions, we celebrate Carnival with local masks and have a variety of fairs and foods that embrace all regional traits. It's like getting the best of three regions in one single place.
"Bisaccia is dubbed the 'genteel town' because, despite the hardship, its people have always been respectable, welcoming, hard-working and resilient.
"Newcomers here are pampered and taken care of. We want this place to shine again."
Featured Image Credit: PA
Topics: World News, Interesting