Three people who bought the famous $1 houses in Italy have warnings for those interested. Affordable homes in Italian towns have captivated many since the European country announced their sale a few years ago.

In total, almost 3,600. homes have been sold to curious and ambitious renovators, including Meredith Tabbone, 44, of Chicago. This is how it has gone for several of the buyers. . By Jennifer Liu— CNBC For years, people around the world have been captivated by Sicilian villages that sell abandoned houses for as little as 1 euro, or about $1.08.