Where Can I Buy the Cheapest Property in Europe? - Benoit Properties (2024)

FAQs

Which European countries have cheapest real estate? ›

The analysis showed that the cheapest apartments and houses in Europe are in the capital of Greece, Athens. The average cost per «square meter» in this city is €1,940. Greece, by the way, was the most economically prosperous country in 2022 according to The Economist.

Whether you are looking for a second home, retirement property, or investment opportunity, the top five countries to consider are Spain, Portugal, France, Italy, and Germany.

Lithuania is often touted as one of the cheapest countries in Europe, and for good reason. Expenses like food, transportation, and utilities are relatively low, and rental prices are reasonable. That said, there are a few potential downsides to living in Lithuania as a remote worker on a US or UK salary.

Portugal is the easiest European country to buy property in. Those who wish to purchase property in Europe can purchase commercial property under Portugal's Golden Visa scheme.

Can foreigners buy property in Croatia? Yes, foreigners can buy property in Croatia especially if they live inside of the EU/EEA. From 2009, the citizens of all EU/EEA Member States are eligible to buy a property in Croatia under the same conditions as Croatian citizens.

In Europe, the cheapest places to live outside of the top three countries to retire in were France, Italy and Cyprus.

What is the most unaffordable country to live in? ›

According to the report, Bermuda is the world's most expensive place to live. Switzerland ranks second on the list (and it's definitely not the only European country), followed by new entrant the Cayman Islands, Bahamas, and Barbados.

live in Bulgaria

Bulgaria is one of the safest and cheapest places to live in the world, especially in Europe. Europe can be quite expensive, but everything in Bulgaria is affordable. The capital city is a great place to start, and there are lots of fun things to do in Sofia.

The best cities in Europe for finding work right now are: Eindhoven, Tallinn, Amsterdam, London, Berlin, Stockholm and Lisbon. Read on to find out more about each city.

A high ownership rate of 63 percent in France had elevated opinions of real estate as the safest investment. The city has a thriving property market, with demand driven by domestic and international buyers. Paris's investment property prices have remained relatively stable, with an average increase of 8.7%.

Overall, Europe has a lower cost of living due to lower healthcare expenses, a weakening euro currency, and low inflation. Europeans, however, tend to pay more of their income to taxes, and average wages tend to be lower than in America.

Portugal is cheaper than many Western countries

“A lot of the costs of the services that you buy are labor costs. Portugal's poorer. Wages are lower. Therefore the costs of most things that require a lot of labor are cheaper.”

Montenegro is popularly known as one of the cheapest place to live in Europe that speak English and has a higher percentage of English-speaking population. If you are someone, who is not interested in learning a new language to move to a new EU country, Montenegro is for you.

South Africa

Possibly the cheapest English-speaking country to live in is South Africa. Not only can you get by without having to go to language school, but most South African cities also have a high standard of living, similar to Western cities, which will make the transition much easier.

Where is the cheapest place to live in Europe 2023? ›

Individual countries have the right to place restrictions on non-citizens who want to own properties. Even if the country you're interested in allows foreigners to buy homes, you may be required to obtain special residence permits or register with a government agency before you can complete a home purchase.

London, Paris, Berlin, Madrid, and Munich were the leading five European cities by overall prospects for 2023.

Portugal

What make Portugal the easiest country in Europe to gain citizenship is that there are no physical presence requirements. Meaning you only need to hold your resident permit in order to qualify for naturalization. You don't need to spend most of the year in the country like most other countries.

Is property cheaper in Spain or Portugal? Property in Portugal is far cheaper than in Spain, and with attractive rental yields in Lisbon and the Algarve, you can understand why Portugal is such a popular choice for investors.

Yes, you can get a mortgage for a property in another country. The bank or lender will need to have an overseas presence in order to assist you with getting an international mortgage.

One of the first steps to retiring in Croatia is to get a visa. To stay for more than 90 days, you will need to have a visa and apply for a temporary residency permit. If you plan to spend your retirement working in Croatia, you will also need to apply for a work permit or the business permit.

You must have only a valid passport or another travel document. If you intend to stay longer than 90 days in the country, you must apply for a temporary resident permit and register with the local police station. You have to apply for a residence permit at least eight days before your 90 days end.

US citizens living more than 183 days in Croatia each year must report their worldwide income and pay taxes in Croatia. Currently, the US does not have a double-taxation treaty active for Croatia. The treaty was signed at the end of 2022 – view more information here.

What is the easiest European country for Americans to retire in? ›

Greece and Malta are some of the easiest and best places to retire in Europe, as they have large English-speaking communities. Other European destinations that are also suitable for retirement are Portugal, Spain, and Turkey.

Ecuador. If you're looking for a country where you can retire outside the US comfortably with $800 per month and experience one of the most ecologically diverse places in the world, then Ecuador might be for you. The go-to city for US retirees in Ecuador is Cuenca, which also happens to be a UNESCO World Heritage site.

You need to apply for residency in order to retire in Portugal as an American. The process is straightforward, but it may take a while. You need to provide (1) your passport, (2) proof of income, (3) proof of health insurance, (4) criminal background check, in order to apply.

Pakistan tops the list of the cheapest countries in the world, with a cost of living index of $294. Sri Lanka and Nepal come in second and third on the list, with cost of living indexes of $316 and $385 respectively. Several African countries also feature on the list of the cheapest countries in the world.

The cost of living in a country reflects the amount of money needed to sustain a comfortable standard of living, including expenses such as housing, food, transportation, and healthcare. Monaco is the most expensive country to live in, with a cost of living of $3,585 per month.

1. Sweden. Sweden is the top country in 2022 best quality of life rankings. The country stands out in the ranking of quality of life for health systems and well-developed public education, security, economic stability, and politics.

Vietnam. One of the cheapest countries to live in is definitely Vietnam. Moving to Vietnam could be a great option for those who want to experience the country's unique culture and way of life on a more long-term basis.

In its report, Niche also ranked the cheapest places to live in the U.S. At the top of the list this year is Brownsville, Texas. Brownsville has been steadily rising in Niche's Lowest Cost of Living ranking over the past few years, placing number six in 2021, number three in 2022 and finally, number one in 2023.

Qatar. Qatar has a safety index of 85.2, according to NUMBEO. It has the lowest crime rate in the world.

Buying property in Portugal allows you to acquire a Portugal residence permit, as long as you stay in the country for a minimum of 14 days each two years. That means you can buy a property in Portugal and get residency.

What is a golden passport? ›

A golden passport is a term that refers to a citizenship-by-investment program, which allows foreigners to obtain the citizenship and passport of another country by making a significant financial contribution to its economy or society.

Purchasing a property in France does not automatically grant non-EU citizens permanent residency. They must apply for a long-term visa or residence permit, fulfilling requirements such as proving sufficient financial resources and having health insurance coverage.

Lithuania is often touted as one of the cheapest countries in Europe, and for good reason. Expenses like food, transportation, and utilities are relatively low, and rental prices are reasonable. That said, there are a few potential downsides to living in Lithuania as a remote worker on a US or UK salary.

Depending on your preferences, some of the best countries in Europe to move to are Portugal, Spain, Cyprus, and Malta. With warmer climates, friendly people, and a more relaxed way of life, these places are favorites for America's citizens to relocate to.

Canadian investors lead this pack, by a long shot, with nearly 9.4 million acres of U.S. land — more acreage than 44 of the top 50 foreign landowners combined, according to the report. (These people own the most land in America.)

Finland is the top country by international property rights index in the world. As of 2022, international property rights index in Finland was 8.2 score. The top 5 countries also includes Singapore, Switzerland, New Zealand, and Luxembourg. The description is composed by our digital data assistant.

Bankrate said Gainesville ranked No. 1 because homes in the area have appreciated 40% in one year, higher than any other location in the analysis. Jobs and population in the city grew 15%, Bankrate said, citing data from the U.S. Census and U.S. Labor Department.

Portugal is the easiest European country to buy property in. Those who wish to purchase property in Europe can purchase commercial property under Portugal's Golden Visa scheme.

Cheapest Country to buy a house: house prices around the world. There are some countries which have managed to maintain an affordable housing market throughout the pandemic. In 2022, Vietnam was ranked as the most economical destination for first home buyers by the Annual Global Retirement Index.

Which country is best for buying real estate? ›

Spain is one of the easiest European countries to move to as a US citizen. Since you are from an English-speaking country you can easily get a temporary visa via the North American Language and Cultural Assistant program.

As in France and Italy, there are no restrictions on property ownership for foreigners, with the exception of military land and land near international borders.

Purchasing a property in France does not automatically grant non-EU citizens permanent residency. They must apply for a long-term visa or residence permit, fulfilling requirements such as proving sufficient financial resources and having health insurance coverage.

After Hong Kong, New Zealand and Australia were the least affordable countries overall in the study which looked at the U.S., Canada, the UK, Hong Kong, Singapore, Australia, New Zealand and Ireland. This chart shows the places where it's hardest to afford a home (2023).