Indeed. Read somewhere an half abandoned village in Italy was selling them for €1 each. So he'd probably have enough to buy the whole village.

edit: here it is http://www.dailymail.co.uk/news/article-2718694/The-Italian-houses-available-ONE-euro-Historic-Sicilian-hilltop-town-sells-20-properties-tiny-price-provided-5-000-renovate-it.html