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Many of our compatriots, despite their innate patriotism, secretly or clearly dream of buying property in Europe. However, housing prices, in many EU member states, can “bite,”
But, not everything is so bad – there are still even European states in which to this day you can buy housing for a very low amount.
Here are the top 10 countries in Europe with the cheapest real estate.
10 Serbia
Serbia attracts Russians, first of all, by the low price of housing, as well as by the picturesque nature and the mass of opportunities for an interesting family vacation.
From Serbia it is very easy to get to other pearls of the Balkans, for example, Montenegro. In this state, prices are quite reasonable, and here you can legally obtain a residence permit and even citizenship.
Buying property in this friendly country, of course, has its own nuances. First of all, it is distinguished by a large selection of a variety of options. There are apartments, elite mansions, which are located both within the city and beyond.
Here you can buy residential or non-residential premises at a very low price. This rule applies to real estate in the resort area. In this case, housing will be like a personal sanatorium. Each of us here will be able to choose for himself the option that best meets the requirements and, of course, the size of the wallet.
Most often, Russians buy relatively cheap houses near Belgrade or near the resort area at a price of 30000-100000 euros. Commercial housing is also very popular among our compatriots. If an enterprise is bought with the aim of changing its field of activity, then, of course, it will cost an order of magnitude cheaper.
9. Latvia
В Latvia apartments make up about 3/4 of all real estate for sale. 9000 apartments and 3000 private houses are for sale here.
In Riga, 1 square meter of housing costs approximately 1400 euros. The cost of housing 30-50 km from the capital is about 525 euros per 1 square meter.
In Riga, apartments for 700-900 euros per 1 square meter or one-room apartments are in great demand.
8. Estonia
An excellent option for purchasing budget housing in Europe is real estate in Of Estonia. Here, buying an apartment can cost only a few hundred euros. Of course, we are not talking about the capital – in Tallinn, housing prices start at 20000 euros, which still looks very attractive compared to Moscow prices.
Real estate in Estonia can be bought by any citizen of Russia, there are no restrictions in this regard. According to local laws, there are restrictions on the acquisition of land and houses in some areas of Estonia, which is considered quite common practice for any civilized state, including the Russian Federation, but there are not very many such areas.
What is the reason for such a low cost of housing? Estonia is considered one of the poorest countries in the European Union – 500 euros per month is considered a good salary here. In addition, the price of housing depends on its location – low real estate prices are found mainly in the eastern part of the country, which borders on the Russian Federation.
7. Lithuania
In this Baltic state, you can buy housing at a very affordable price. Even in the capital Lithuania there are advertisements for the sale of a 2-room apartment for less than 6000 euros.
Inexpensive housing can be bought not only in Vilnius, but also in other Lithuanian cities. For example, in Telsiai you can buy apartments for 360 euros. However, there are often similar prices for those apartments and houses that require large investments. It can also be very small apartments in houses in need of major repairs.
6. Moldova
According to the authoritative British site Global Property Guide, Chisinau took 87th place in the ranking of 94 largest cities in the world with the cheapest luxury real estate. According to the same resource, the price of premium real estate in the capital Moldova is 1303 dollars per 1 sq. m.
Cheaper than here, luxury real estate in the city center can only be purchased in Dar es Salaam (Tanzania) – $ 700 per 1 sq. km. m; Cairo (Egypt) – $831 and Nairobi (Kenya) – $900.
5. Czech Republic
Czech Republic is a relatively inexpensive state in Europe with beautiful architecture and a pleasant climate. In addition, this is a fairly safe country with high-level schools and universities, health care is remarkably developed here, and Czech cuisine is worthy of devoting a separate article to it.
Usually, foreign citizens in the Czech Republic buy housing in old houses after major repairs, which are located in the historical center of the city, as well as a new building in elite areas.
Particularly popular here are two-room apartments in a comfort-class house or a restored old building.
4. Poland
В Poland there are many such settlements where you can freely find a cavalry (small-sized room where you can place only the most necessary things) for less than 100 zł.
Cavaliers make up every tenth property for sale in Poland. Such offers are in great demand regardless of market conditions.
In recent years, buyers from Russia are increasingly purchasing two-room apartments, which are not much more expensive, but much more comfortable.
3. Montenegro
Property value in Montenegro declined as a result of the global financial crisis, so there is still an opportunity to purchase both resale property and a new building relatively inexpensively.
Also, here you can profitably buy an apartment or a house in a seaside area like Budva, Bar or Tivat. With a high degree of probability, it can be guaranteed that anyone who wishes will be able to find an offer for the sale of cheap real estate with a sea view, since there are many such apartments and houses in this small Balkan country.
Of course, for this type of property, the owner can slightly increase the cost, but even this does not increase the price significantly.
2. Byelorussia
Without a doubt, in terms of cheap real estate, one of the leading places in Europe is Belarus. In this country, Bobruisk is rightfully recognized as the city with the cheapest housing. Here, the average selling price per square meter was $392. The second and third places are occupied by Mozyr and Orsha respectively.
Baranovichi is located approximately in the middle of the rating in terms of cheap real estate prices. Here, a square meter of real estate costs approximately $478.
1. Bulgaria
Among Russian citizens, cheap real estate in Bulgaria literally in the last few years. The cost of houses and apartments for the year fell by more than a third.
At the moment, you can buy really quite inexpensive real estate in the capital, Varna and other large cities. The same applies to houses in rural areas.
Real estate prices in this wonderful country start from just 1000 euros. Such a pricing policy allows you to buy good housing very profitably, especially when compared with other EU countries.
In addition to residential premises, here you can also quite profitably purchase crisis real estate.