The properties currently up for grabs vary in size, with up to three floors and between 750 to 1,300 square feet. Some of the buildings even date back to medieval times.

Penne, located in Italy's central region of Abruzzo, has been selling more one-euro homes since starting the program in 2022.

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The small town of Penne, Italy has launched a one-euro home program that could see you enter the property market for $1.72.

One euro homes are back on the menu in Italy, where a town called Penne is making it easier for Australians to land their hands on budget-friendly properties.