in mussomeli, houses are selling for one euro.orable exchange rate, that's about $1.20. so far the city has helped sell about 100 of these house. >> i'd want to go to this house. a castle. >> reporter: and they have 100 more to sell. >> we have these house for sale. >> reporter: the goal is to revive the run-down center of this town. >> is that a one year row house? >> the 22 is a one-euro house. >> another one. >> reporter: this man manages the program. >> the houses become yours so you can do everything you want with your house. you can sell your house. you can make a shop. you can make b and b, hotel. >> reporter: the fine print, you have to fix it up within three years. if someone owns this house, why would this person sell it for a euro? >> because in italy, if you have more than one house, you have to pay a lot of taxes. so they prefer to sell houses and not pay taxes. >> reporter: the houses need a lot of work, more than many existing homeowners want or can afford to do. but it's a different calculation for foreigners. the

towns like mussomeli. th a population of 10,00 it's currently selling nearly 400 homes for just over a dollar each. houses are cheap, come with sunshine a year.and 300 days of t buyer beware: there ar hidden costs. and a lot of assembly required. some more than others. to start the house hunt, i book a visit with a realtor. cinzia sorce shows me just what you can get for one euro. >> ( translated ): as you can see, this floor is divided een the living room and bedroom, which is very big. you've got to be careful about the floors, which are ry fragile. >> reporter: wait, so you can't walk over here? >> no, avoid it. >> reporter: it could collapse? b yes, it's unsafe. >> reporter: fter or worse, one euro also gets you whatever you find inside these dusty 2,000 square feet. >> ( translated ): whoever buys the house then has to empty it out in order to rebuild it. that means getting rid of furniture, getting rid of rubble and debris. >> reporter: a lot of surprises. d yes. >> reporter: b't be surprised by the