Cheapest countries to buy a house in Europe: discover the cheapest places in Europe to invest in real estate and get your property for a bargain
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Are you considering moving or retiring in Europe? Or Maybe you just want a cheap summer house in the old continent? Discover below the cheapest countries to buy property in Europe, featuring the advantages and disadvantages of every place.
Buying a House in Europe: Overview
Owning a house in a foreign country is something that many people dream of. What if I tell you you can buy a house in some of the most idyllic locations in Europe, and pay just a fraction of what a similar house would cost in the US or in the UK?
That’s exactly what we are going to discuss in this video. We will list not only the cheapest places to buy a house in Europe, but also why these places are cheap, and when you should actually consider doing that. We will also list some prices per square meter in different countries in the continent.
So, let’s start with our list of the cheapest countries to buy a house in Europe.
Cheapest Countries to Buy a House in Europe
01:23 Bulgaria
We are going to start our list of the cheapest countries to buy a house with Bulgaria. Bulgaria is one of the most affordable countries in the European Union and the one with the lowest income in the bloc. This reflects in a lower than average cost of living for European standards and also pretty cheap properties, may they be apartments or houses.
Property prices in Bulgaria are pretty low all over the country, in the countryside, by the seaside, and even if you want to live in the capital Sofia. In fact, Sofia is one of the cheapest capitals in Europe, with price per square meters going from 1000 to 2000 dollars. A bit farther away from the center, it is not uncommon to find properties below 1000 USD per square meter.
If you are planning to stay in Bulgaria for more than 3 months in each 6 months and you are not an EU citizen, Bulgaria does offer a visa for retirees.
02:28 Latvia
Latvia is the best option if you want to buy a cheap house and live in Northern Europe, as most of the countries in this list are actually in Southern Europe. This Baltic State is a full European Union member. It is also a member of the Schengen area, and currently uses the euro common currency.
04:01 Romania
Romania is one of my favorite countries in Europe, for its delicious cuisine, quaint provincial towns of Transylvania, and overall low cost of living.
In Romania, you will also find some of the cheapest real estate in Europe. The capital Bucharest is a quite large city and has a domestic migration from other parts of Romania, making of it relatively pricy for Eastern Europe prices. If you go further away from the capital into smaller cities and towns, it is where you can find the real gems in terms of cost-benefit analysis.
05:27 Ukraine
Ukraine is one of the most underrated countries in Europe in terms of almost everything, including cost of living, nightlife, eating out and of course, buying property.
06:22 Albania
Albania is another pretty underrated country in Europe, but unlike Ukraine it is much smaller in both territorial terms, but also in its population. Albania is pretty similar to Ukraine in one aspect though, its property prices.
08:02 Serbia
Serbia is a country that I often talk about, because it offers so many advantages for any one considering moving abroad. Among the key advantages, a low cost of living, a pleasant weather and an easy residence permit process are worth mentioning. Apart from that, properties in almost all parts of Serbia are quite affordable, and that is why the country made it to the list.
09:15 Portugal
Portugal is a country that has gained huge popularity among expats and retirees in the past decades. This has made most of it’s real estate market prices to skyrocket. But then one could ask, why is Portugal in this list then?
The truth is that, while Portugal property prices did increase significantly in the past decades, most of this price movements happened in some parts of the country.
10:41 Turkey
Turkey is another country that almost didn’t make it to the list, mostly because just a small part of its territory is in fact in the European continent. But there are undeniable facts making of Turkey a great option if you want to buy a house abroad for ridiculously low prices.
12:15 Checklist Before Buying a House in Europe
Documentation
Visa and Residence Permits
Ongoing Costs
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