The cheapest property in Europe: an overview of the best offers, regions and countries, buying tips

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Many people believe that one of the most profitable investments is the purchase of real estate. But usually they buy housing somewhere in their country or even in their hometown. Meanwhile, buying an apartment or a house abroad today is more real than in Russia. The greatest demand is for real estate in Europe. Some buy it for themselves, others rent it to fellow countrymen, and still others use both options at once. But in any case, I want to find the cheapest real estate in Europe. Why pay more? This article discusses countries and cities where you can find housing at an attractive price.

Reasons why people buy property in Europe

There are a number of different factors leading to this decision. Some people mention multiple reasons at once. One of the most popular is the domestic policy of the country, which does not suit the population. According to statistics, 76% of people decideleave Russia due to the arbitrariness of the authorities.

About 64% are looking for the cheapest real estate in Europe simply because they want to live in a warmer climate. Approximately 52% of people invest in this way, and another 44% buy summer vacation homes. About 31% of Russians buy housing abroad for family reasons. For example, because of the treatment or education of children in another country. And another 23% want to create their own business outside their homeland.

What determines pricing?

You could read above that it is now easier to buy property abroad than in Russia. In particular, in Europe, since the countries of this part of the world are characterized by a high standard of living and a relatively stable economy. Considering the options for the cheapest real estate in Europe, it should also be said that there is a very wide range of prices. For example, if in Switzerland a square meter of housing costs an average of 530 thousand rubles, then in Bulgaria it costs only 46 thousand.

What makes up the price? This indicator is affected by:

• foreign policy of the country;
• economic level;
• life safety level;
• interest of foreigners to invest in real estate;
• prospects for the development of the state;
• geographic location;
• variety or scarcity of land;
• state of infrastructure;
• environmental situation.

Accordingly, the higher these figures, the higher the price of housing in one or anotherstate.

Which countries in Europe have the cheapest real estate?

The rating highlights several states in which the price of housing is relatively lower. The following countries are most popular among Russians:

1. Bulgaria.
2. Spain.
3. Italy.
4. Turkey.

Moldova is considered the country with the lowest living wage. Salaries are low here, and prices for goods are quite high. This has led to the fact that the level of poverty has increased significantly. The economic crisis is progressing in Moldova, the political situation is tense. Therefore, housing here is relatively cheap. You can find options for 31,000 rubles. per square meter.

Poland is the complete opposite of Moldova. It would seem that in this situation, real estate prices should be high. However, this is not so. People who are wondering “where is the cheapest real estate in Europe” should take a closer look at this option, since in Poland you can buy a “odnushka” for only 3 million rubles. The prices are so low because the competition is so high.

Another two options are Lithuania and Estonia. The B altic countries are known in Russia as one of the most comfortable for living. There is a fairly high standard of living, and housing is relatively cheap. This contributed to the fact that the Russians actively began to buy real estate in Lithuania and Estonia. Buying a house also makes it possible for a foreigner to obtain a Schengen visa. For example, in Vilnius, a fairly large apartment will cost 2-3 million rubles, and for 15 million you can buy a luxuriousmansion right in the city center. In the suburbs, housing costs even less - only 200-350 thousand for an apartment.

Cheapest property in Europe - sunny Bulgaria

Perhaps this is the most popular country among Russians. For example, a good house here can be bought for an average of 750 thousand - 1 million 550 thousand rubles. But there are offers much cheaper - up to 155 thousand. However, it is not recommended to consider such housing. Firstly, it will not be a very good house. For example, boxoniera is an apartment with a total area of 18 m², in which there is no kitchen, and the bathroom is very small. Most often, it is located on the top floors.

Cheap options are best considered only by those people who are looking for cheap real estate in Europe for restoration. It will be an apartment in an old housing stock, requiring serious repairs, but with an area of 50 square meters. Or a dilapidated house in a village far from the sea. Its area will be no more than 100 m².

As for settlements, it is recommended to choose property in Burgas. At least you won't have to regret such an acquisition. The city is very pleasant to live in, as it is clean and beautiful, and there are many attractions in the surrounding area. And, last but not least, there is direct access to the sea.

Buying property in Spain

They say that housing in this country is most suitable for middle-class Russians. However, it is also known that many apartments in Spain are empty. For example,at a very low price, you can buy housing seized from the owner by the bank. Such options are sold for 3-3.8 million. You can find cheaper apartments, but they will be in poor condition.

Those who are looking for the cheapest real estate in Europe by the sea should consider purchasing a studio in the Torrevieja area, just 300m from the beach. It will cost about 1 million 750 thousand rubles. However, those who want to obtain Spanish citizenship will need to buy a house worth at least 11.5 million rubles.

Affordable housing in Turkey

It's time to forget that it is supposedly dangerous to live in this state. Especially to young girls. That there is absolutely no respect for Russian women and they call them "Natasha", which means "prostitute". These are all fairy tales and fables, long outdated. In Turkey, for the most part, intelligent and educated people live, and the rules here can be safely equated with the highest European standards.

Russians buy property in Turkey, but not as often as in other countries - a huge mental gap between the values of the Asian and European races plays a decisive role. But housing is still for sale, and on the market you can find excellent options at an affordable price. For example, it is recommended to pay attention to Alanya. The city is located just 120 km from Antalya. It is here that you can find the cheapest real estate in Europe by the sea. A square meter of a luxury apartment will cost 80.5 thousand rubles. If you need options easier and cheaper, you should pay attention to"non-prestigious area". In Alanya, this is the one from where it takes 20 minutes to go to the sea, and the distance to the center is only 8 km. But in this town it is always clean and tidy, with regard to both its streets and the sea with a beach line.

Buying a home in Italy

Puglia - it is in this city that you should look for real estate. It has a truly stunning setting and attractive prices. For example, a rural-type house can be bought at a relatively low price of 6.9 million rubles. Low utility bills, inexpensive food, many attractions, including medieval ones, as well as comfortable beaches will make living here like in a fairy tale.

You can also consider the cozy resort of Scalea in the Calabria region, which is considered a deep province. That is why real estate prices here are very low. The cost of 1 m² varies between 38.5-115 thousand rubles. It all depends on the distance from the sea or the city center. Of course, in a prestigious area, the apartment itself is better, and the view from the window is amazing.

How to protect yourself?

There are some tips to help you avoid unpleasant situations when buying property in Europe:

1. Before choosing a country to live, you must carefully read its laws. It is not recommended to choose those states in which drugs are legalized.
2. The terms of the deal deserve no less attention. For example, there is a property that, after purchase, cannot be rented out inrent, which is regulated by the laws of the country. In addition, the costs of supporting the purchase and sale transaction are quite high. Sometimes they can reach 20% of the cost of housing.
3. In some states, even after the acquisition of real estate, they may not give citizenship in the first 10 years. Every year you will need to obtain a permit to obtain a residence permit. And it’s not a fact that they won’t refuse again.

There are a lot of such nuances. Buying property in Europe is a serious business that can lead to unpleasant situations. You should study this issue as carefully as possible, so that later you will not regret what you have done.