Italian town sells €1 houses with no deposit required

The depopulated town of Laurenzana, located in Southern Italy's Basilicata region, has set itself apart from the competition by softening some of the rules for its bargain home scheme.

(CNN) — With more and more Italian towns offering up dilapidated homes for next to nothing, potential buyers have been somewhat spoiled for choice. The Sicilian town of Troina recently put a number of abandoned houses on the market, while Mussomeli and Zungoli are just some of the charming spots in the European country that have launched similar schemes over the past few years. But the depopulated town of Laurenzana, located in Southern Italy's Basilicata region, has set itself apart from the competition by softening some of the rules for its own bargain home scheme, which launched last month.