Story perspectives
€1 House Scheme Fails to Revive Ollolai's Decline
10/6/2025
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Story summary
- The €1 house scheme in Ollolai has attracted only a few foreign buyers.
- Population has fallen from 1,300 to 1,150 since the scheme began.
- Urban planning professor Anna Maria Colavitti says the scheme alone won’t fix the economy.
- New owners resell at the same price because renovations are costly.
- The mayor remains optimistic, citing historical resilience against crises and beaches.
