If you have a couple bucks in your pocket, and need a house, head to Italy.

There's a cheap real estate boom underway.

On the Italian island of Sicily, the town of Gangi is selling off "fixer-uppers" for only one euro, which is just under two dollars.

Residents moved away from the town, or off the island, in search of jobs.

At one time, 16-thousand people called Gangi home.

Now, it's just under three-thousand.

Gangi's mayor wants to attract outside buyers to invest in this potentially new hot real estate market.

The average property is expected to cost about 47-thousand dollars to renovate.