Even though it experienced a number of years of uncertainty and volatility, the real estate market in Europe has been growing substantially in recent years. Investors from all over the world have been flooding to purchase property in Europe, for example to buy property in Portugal.
Large real estate companies have started to set shop in Europe creating large communities filled with houses for all types of economic backgrounds. Here are some of the best countries to buy real estate in Europe.
Italy is quickly being known as one of the cheapest options to buy real estate in Europe. Depending on where you want to buy you can purchase an affordable house in a thriving region for a little less than €100,000.
If you want to live in a city like Rome or Milan the price for prime real estate will go substantially up, but you will find that in small Italian villages like Abruzzo or Amalfi the prices are extremely affordable. I highly recommend you take a look at Italy when you are researching where to purchase property in Europe.
Because of the popularity of the Golden Visa program foreigners from all over the world have been flocking to Portugal to purchase property. Because of these reasons, and a few others, Portugal has become one of the best places to invest in real estate in all of Europe.
Real estate in Portugal is also one of the most affordable in the market with houses in good locations going for €250,000. That is also the amount you need to spend in order to qualify for the Golden Visa, so you can purchase a good house and obtain citizenship from a European country at the same time.
Malta might not be a country that you are very familiar with, but I expect that to change in the upcoming years. This small country is considered by many to be a hidden gem, and now it is one of the best places in Europe to purchase real estate.
Malta has experienced a substantial spike in the cost of apartments and rent and the numbers are expected to continue growing. Meaning that a long term investment in real estate in Malta is guaranteed to give you a large amount of profit.
Demand for real estate in Spain has been expanding ever since their economic recovery in 2013. Buying property in a city like Seville or Valencia is a cheap option to gain a ton of revenue if you wait patiently and play the long game. Plus it has the added value that they are one of the most gorgeous and unique cities out there.
Romania may seem like an odd choice when it comes to purchasing property in Europe, but I can guarantee you it is one of the best options out there when it comes to real estate investment there is.
Because of its extravagant beauty and affordable tax rates, Romanian real estate has become something of great interest to foreign investors. Renowned development companies have started to pop up in the country giving lots of affordable credit and loans to those willing to invest in real estate.
Bulgaria’s fast track citizenship by investment option has attracted a number of foreigners into the country, mostly retirees. Because of these investors Bulgaria’s real estate market has grown quite a lot and I expect it to continue growing. Bulgaria also offers one of the cheapest low income tax options out there, perfect for starting a business in the country.
Cyprus has one of the lowest average costs for a house in all of Europe. You can purchase a modestly priced house for about €70,000. Although the real estate market here might be slower than in other parts of Europe, purchasing a house is very easy and cheap in Cyprus.
As opposed to other parts of Europe, the German economy has been growing stronger throughout the years. Germany is a powerhouse in Europe and you can guess that it’s housing market is more than rock solid.
Even though Germany is not cheap and its tax bracket might be costly you won’t find any safer investment out there than to buy property in Germany. Real estate in Germany is hard to find and you will find many competitors, but once you purchase it and wait a couple of years you will get your money back ten times.Buying property in Europe is not as easy as it sounds, you need a team of professionals to help you every step of the way.