• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Current price of oil as of June 15, 2026

2

CEO of $20 billion AI firm Perplexity says the secret to success is ‘sleeping with that fear’ that your competitor will steal your idea

3

Meet Gwynne Shotwell, the engineer-turned-COO who runs SpaceX in platform heels and is now worth over $2 billion

1

Current price of oil as of June 15, 2026

2

CEO of $20 billion AI firm Perplexity says the secret to success is ‘sleeping with that fear’ that your competitor will steal your idea

3

Meet Gwynne Shotwell, the engineer-turned-COO who runs SpaceX in platform heels and is now worth over $2 billion
tourism industry

Italians rally to save ‘ghost village’ with a population of 10

By
Vivienne Walt
Vivienne Walt
Correspondent, Paris
Down Arrow Button Icon
By
Vivienne Walt
Vivienne Walt
Correspondent, Paris
Down Arrow Button Icon
September 11, 2015, 7:00 AM ET
Civita di Bagnoregio
Civita di Bagnoregio (Viterbo), September 2012 - View of the "dying town" >< Civita di Bagnoregio (Viterbo), settembre 2012 - Veduta della "citt‡ che muore"Photograph by Lorenzo Pesce — contrasto/Redux
Add Fortune on Google for similar content.

Not many people would dispute the jaw-dropping beauty of Italy’s Civita di Bagnoregio village. The Medieval settlement 74 miles north of Rome has a population of just 10 people, who live amid twisting stone paths and centuries-old houses that are perched atop sheer cliffs overlooking deep ravines to the sea beyond. And if that were not enough, one detail separates it from almost every other town: It is reachable only by way of a footbridge suspended at great height over the valley.

“We can say this place is really astonishing,” Alessio Pagliara, who runs the village tourism office, tells Fortune. “It is 1,200 years old, very well preserved, and it has a panoramic view.”

Yet all that might not be enough to save the tiny gem that has been dubbed “the dying city.” Built on volcanic ash, the original Etruscan residents chose to build hilltop villages in Italy, in order to escape the malaria-ridden lowlands. But 21st-century Civita di Bagnoregio faces bigger perils: Landslides and rockfalls that could render it uninhabitable forever. “Every year is different from the next,” says Pagliara, who is bracing for whatever disaster this coming winter might bring. “Any year could be very damaging.”

A family on vacation from Puglia plays on the columns outside the San Donato Church in Civita di Bagnoregio, Italy.
A family on vacation foutside the San Donato Church in Civita di Bagnoregio, Italy, Sept. 3, 2015. (Nadia Shira Cohen/The New York Times)
Photograph by Nadia Shira Cohen — The New York Times/Redux

Now Italians have begun campaigning to save the village from being lost forever. After a landslide last May, local authorities petitioned the U.N.’s cultural organization UNESCO to add it to its global list of World Heritage sites. The president of the local Lazio region, Nicola Zingaretti, argued that the village “is one of the most beautiful places in the world,” well worth preserving for future generations. Thousands of Italians signed the petition, including several famous cultural figures like the filmmaker Bernardo Bertolucci and the playwright Dario Fo, and the former Italian president Giorgio Napoletano. The World Heritage designation would ensure a continued flow of funds to the village to reinforce its foundations and ensure its conservation, and it would almost certainly put it more firmly on tourist itineraries.

Yet winning that status is far from certain. And even if Civita di Bagnoregio makes it on to the list, the decision could take years to come.

Locals cannot afford to wait. In 2013 they began charging visitors €1.50 (about $1.67) to enter the village, helping it to raise maintenance funds. Pagliara says about 43,000 people visited in August, with tour guides running day trips from Rome. And in early September, Lazio president Zangaretti told reporters that the region was investing €1.2 million (about $1.34 million) to protect the village against landslides, which she said “threatens its very survival.” In the meantime, Pagliara describes it as “a ghost town in the middle of nowhere.”

Italy’s ‘ghost’ villages for sale

In that, Civita di Bagnoregio is far from unique. Italy has a dizzying 20,000 or so ghost villages, whose inhabitants have steadily upped and left over the centuries, driven out by the lack of water and electricity, or by earthquakes and floods—as well by a large exodus of émigrés to the U.S. during the last century. Add to that Italy’s low birth rate, along with people, especially youths, tendency to move to urban areas to work or study. Left behind are countless gems, villages whose stone houses, tiny cafés and 13th-century churches capture the finest artisanry of a bygone Italy.

With the country still emerging from recession and the European economic crisis, officials are hunting for a fresh infusion of people—foreigners in search of Italian vacation homes, or those keen to reconnect with their Italian ancestry—to take over crumbling old houses and breathe life into their communities.

The price? Close to free. Take, for example, Gangi, a Sicilian village whose population has halved to 7,000 over the past 60 years. Earlier this year Gangi’s officials put several houses on the market for €1 each—less than a cup of coffee in a café in Rome. The offer came with the condition that buyers repair the houses within four years.

 

Visitors walk down the footbridge that leads to Civita di Bagnoregio, Italy.
The footbridge that leads to Civita di Bagnoregio, (Nadia Shira Cohen/The New York Times)
Photograph by Nadia Shira Cohen — The New York Times/Redux

Mixed response

One would-be buyer from Australia told a journalist that when she arrived in Gangi she discovered that the houses available “were all terrible and needed to be knocked down and rebuilt,” and that permits for renovating one of the houses cost about $17,000. For those who prefer to avoid the headaches of an extreme fixer-upper, habitable houses in Gangi are on offer for prices that seem ludicrously low by European standards. This month’s listings include a four-bedroom house for €75,000, with”panoramic views” of the Sicilian countryside from its two balconies, according to the realtor’s listing.

Indeed, there is plenty of choice all over Italy—and if you want the whole village, that is possible too.

In 2012 a Medieval village in Tuscany put itself on sale on eBay for €2.5 million (about $3 million at the time), offering all 25 of its stone houses and eight acres of grazing land. And last year, the good folk of Borgata Calsazio, a village set in the foothills of the Gran Paradiso mountain in the Italian Alps auctioned its 14 houses on eBay too, for a piddling €245,000 (about $268,000). Under the category “condition” in the eBay listing, the sellers describe the village—with great understatement—as “used.”

Competing with Alpine peaks and Tuscan scenery will not be easy for the handful of people still living in Civita di Bagnoregio. The town’s celebrity survival campaign has not yet assured it a future. “In the last year some people have come from abroad to buy some houses,” says the local tourist official Pagliara. “Houses are easy to find,” he says. “But of course, they are in bad condition.”

About the Author
By Vivienne WaltCorrespondent, Paris

Vivienne Walt is a Paris-based correspondent at Fortune.

See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

Agentic AI systems are doing more and more work. Now humans need to figure out how to verify it all
AIBrainstorm Tech
Agentic AI systems are doing more and more work. Now humans need to figure out how to verify it all
By Alexei OreskovicJune 15, 2026
7 hours ago
The Southeast Asia 500 has a new engine: Vietnam
MagazineSoutheast Asia 500
The Southeast Asia 500 has a new engine: Vietnam
By Andrew StaplesJune 15, 2026
7 hours ago
President Donald Trump shakes hands with American mixed martial artist Josh Hokit as Hokit stands on the edge of the UFC ring during a championship event at the White House.
CryptoDonald Trump
UFC fighters at the White House got paid with Trump family stablecoins—but an ethics expert says a gap in the law allows this
By Camila Grigera NaónJune 15, 2026
9 hours ago
The Strait of Hormuz is finally reopening, but energy flows may not get back to normal until next year
EnergyOil
The Strait of Hormuz is finally reopening, but energy flows may not get back to normal until next year
By Jason MaJune 15, 2026
10 hours ago
gavin
PoliticsElections
Gavin Newsom accuses Trump of launching political probe into him. The real issue may be his wife’s taxes
By Sophie Austin, Alanna Durkin Richer and The Associated PressJune 15, 2026
10 hours ago
claudia
North AmericaWorld Cup
‘All of this sould prompt reflection’: Sheinbaum says World Cup tickets are too expensive for most Mexicans
By The Associated PressJune 15, 2026
10 hours ago

Most Popular

Current price of oil as of June 15, 2026
Personal Finance
Current price of oil as of June 15, 2026
By Joseph HostetlerJune 15, 2026
18 hours ago
CEO of $20 billion AI firm Perplexity says the secret to success is ‘sleeping with that fear’ that your competitor will steal your idea
Success
CEO of $20 billion AI firm Perplexity says the secret to success is ‘sleeping with that fear’ that your competitor will steal your idea
By Preston ForeJune 13, 2026
3 days ago
Meet Gwynne Shotwell, the engineer-turned-COO who runs SpaceX in platform heels and is now worth over $2 billion
Startups & Venture
Meet Gwynne Shotwell, the engineer-turned-COO who runs SpaceX in platform heels and is now worth over $2 billion
By Eva RoytburgJune 15, 2026
1 day ago
Boomers actually do hold most of the wealth and power. So why do they call it 'whiny' to point that out?
Economy
Boomers actually do hold most of the wealth and power. So why do they call it 'whiny' to point that out?
By Nick LichtenbergJune 14, 2026
2 days ago
Current price of silver as of Monday, June 15, 2026
Personal Finance
Current price of silver as of Monday, June 15, 2026
By Joseph HostetlerJune 15, 2026
18 hours ago
Social Security's 2032 deadline puts a 22% cut on the table — but Washington has way less room to negotiate than 1983
Personal Finance
Social Security's 2032 deadline puts a 22% cut on the table — but Washington has way less room to negotiate than 1983
By John W. Diamond and The ConversationJune 12, 2026
4 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.