10 Cheapest places to buy property in Europe. With so many beautiful regions to choose from,
it can be hard to know the best places to buy property in Europe. With almost year-round
sunshine, sparkling azure seas, sun-soaked hidden coves and pristine beaches, there’s
certainly plenty of alluring holiday hotspots. A top tip is to start your search in an upscale
region or up-and-coming area. ‘When you think about buying a second home, you should
always consider buying in prime locations, as these will always keep or increase the
value of your investment. However, if return on investment isn’t your main concern, you
can widen your search area to suit your needs. If you are second home hunting from the UK
you might be wondering if you can still buy property in Europe after Brexit. The good
news is yes you can, but there will be a little more red tape involved. But don’t let the
red tape deter you from buying a home in Europe. From high-style spots in Latvia to beautiful
beaches in Serbia, we’ve tapped a host of international areas where your dollars or
euros can afford you a home of your choice. Now get ready as we keep your steer focused
on the best places to buy property in Europe. 10. The South of France.
The allure of the glitz and glamour of the French Riviera is stronger than ever, and
second home buyers can choose from sea-view style or a more rustic hilltop hideaway. The
South of France continues to attract international buyers from around the world. Much of the
South of France is able to offer a mixture of cuisine from both sea and land, and one
benefits from local delicacies including olives, wines, and truffles. The ease of connectivity
by train, plane, sea and road means that it is a firm favourite of those in mainland Europe
and from further afield. The South of France is not simply the beautiful beaches of the
Riviera, but also includes enchanting hilltop villages, expansive lakes, and rolling vineyards.
Marie-Claire Sangouard, Managing Director Engel & Völkers French Riviera, says some
of the most sought-after towns and regions on the riviera include: 'Menton (a pretty
town that has retained its quaint village character); Saint-Jean-Cap-Ferrat (one of
the most expensive residential areas in the world offering proximity to Monaco and natural
beauty; and Fayence, Mougins, St Tropez, Cap d'Antibes and Cannes.
9. 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. While
Lisbon, Porto and the Algarve are quite pricy at the moment, Portugal still offers some
great bargains. Most of the bargains in Portugal are located in the countryside, where you
can buy a house or a even a small farm for a quite cheap price. In some districts like
Bragança or Castelo Branco, along the border with Spain you can find houses under 500 USD
per square meter of constructed area, oftentimes with a nice garden. However, these properties
tend to be either rural or in quite small towns. Moreover, it is also relatively easy
to move to Portugal, even if you don’t want to work there and even if you are not an EU
citizen. You can check our post on how to move to Portugal for more details about it.
But to put it short, there is a retirement visa in Portugal, and the income requirements
are the lowest in Western Europe for the countries which do offer a residence permit for retirees.
8. 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.
The country of Albania is blessed by nature but also has a turbulent past. That translates
into some of the cheapest properties with some of the best views in the continent. The
capital Tirana is by far the most expensive location in the country, and properties can
range from 1000 to 2000 US dollar per square meter usually. In the coast of Albania is
where you will find some of the greatest cheap houses and apartments in Europe. In the city
of Sarandë for example, it is quite common to find apartments with a view to the sea
for below 1000 US dollars per square meter. Getting a residence permit to live in Albania
is quite easy. US citizens can stay up to one year in Albania visa free. Therefore Albania
can be the perfect location for a summer house for example. You might want to check our other
post on how to move to Albania for more information. 7. Tuscany, Italy.
It wouldn’t be a round up of the best places to buy a second home in Europe without Tuscany.
Italy’s famous verdant region, filled with rolling hills and vineyards. Tuscany distils
the best of Italy into one region, so rich in heritage: art, architecture, history, culinary
pleasures, and with a plethora of spectacular landscapes. With everything from an awe-inspiring
coastline, through to rolling countryside, from the UNESCO World Heritage sites of Siena
and Florence through to the undulating hills and vineyards surrounding Lucca and Pienza
or high-end coastal enclaves along the Italian Riviera, Tuscany is a place to inspire like
no other – and the perfect spot for a second home in Europe.
6. Deauville, Normandy, France. With its race course, harbour, international
film festival, marinas, conference centre, villas, Grand Casino, and sumptuous hotels,
Deauville is regarded as the ‘queen of the Norman beaches’ and one of the most prestigious
seaside resorts in all of France. As the closest seaside resort to Paris, the city and its
region of the Côte Fleurie (Flowery Coast) has long been home to French high society’s
seaside houses and is often referred to as the Parisian riviera. Since the 19th century,
the town of Deauville has been a fashionable holiday resort for the international upper
class. Deauville is also a desirable family resort for the wealthy. In France, it is known
perhaps above all for its role in Proust’s In ‘Search of Lost Time’. Only two hours
from Paris, the Normandy region is a true haven of peace between sea and countryside.
Deauville is very much sought after for its countryside-chic character, historic center
and very authentic shopping streets. Deauville is a destination that has benefited from the
renewed interest in second homes and green spaces in the context of the pandemic and
confinements: in 2020, the Deauville market recorded an increase in demand of nearly 45%.
As well as the seafront, a popular area in the heart of Deauville is the ‘Golden Triangle’,
located between the Normandy Hotel, the Royal Hotel and bordered by the Hippodrome. You’ll
find very beautiful houses in the Anglo-Norman style dating from the end of the 19th century,
accessible from 1,500,000 euros for a beautiful well maintained property of about 200 sqm.
5. Marbella, Spain. The Costa del Sol offers the best microclimate
in Europe with 320 sunny days a year, high-quality and modern infrastructure, beautiful beach
clubs, international schools, and high-level health care – making it one of the best
places to buy a second home in Europe. Marbella has experienced a 22% jump in sales so far
in 2021, confirming itself as one of the preferred hubs in Spain for those seeking a second home
or a more permanent relocation. This is due to the many opportunities the city has to
offer. Indeed, for those professionals who can now work from anywhere in the world, many
are prioritising health and wellness, seeking proximity to golf courses, tennis academies,
marinas and spas, all on tap in Marbella. Smadar Kahana, Managing Director Engel & Völkers
Marbella, expands that Marbella and the Costa del Sol have been luring in international
buyers for years. ‘The population here is a mix of many nationalities, which makes it
easy to establish yourself in the area. So where are the best areas to invest? ‘The
most prestigious areas in Marbella where the demand is always higher than the supply are
Sierra Blanca, Golden Mile, Los Monteros, Puerto Banús and Guadalmina. Also the area
of Benahavís is developing rapidly and it is a great place for investments as the prices
are constantly rising. 4. Davos, Switzerland.
Health and wellbeing destinations are becoming increasingly popular as we become more aware
of the importance of mindfulness and nature on the impact of our lives. Davos has long
been renowned as a high-altitude wellness resort, becoming fashionable from the 1950s
when German physician Alexander Spengler moved to the area and began to notice the exceptionally
good health of those who lived there. Soon, visitors started to flock to sample the unique
microclimate of the Alps’ highest town. Davos, now popular all year round, is becoming
more prominent amongst travellers seeking unspoilt landscapes for wellbeing journeys.
Many visit for its pure, clean air and opportunities to explore its breathtaking trails whilst
taking in the beauty this Alpine destination has to offer.
3. Montuiri, Mallorca. The Balearic Islands are considered to be
one of the top regions in the Mediterranean to invest and own a holiday home. Hans Lenz,
Managing director Engel & Völkers Mallorca Southwest explains that this year has seen
an unprecedented demand for real estate in Mallorca where Engel & Völkers has 19 property
shops. The company is on track to beat all previous sales records in its 30-year history,’
he explains. Mallorca offers a great variety of landscapes from the Sierra Tramuntana (a
UNESCO World Heritage Site) to the sandy beaches along the southwest, south, east and north
east coastline to the more rugged and wilder west and north west coastline. The surroundings
of Montuiri are characterized by wide cultivated fields, dry stone walls and a tranquil picturesque
landscape. In the surrounding area there are many large finca properties, some of which
are used as holiday homes, but many as permanent residences. The village of Montuiri offers
everything you need and there are plenty of weekly markets in the surrounding villages
where you can stock up on local produce. The central location is an ideal base to get to
all parts of Mallorca in under an hour. The airport of Palma can be reached in 20 minutes,
in the city of Palma in 25 minutes and you get to the beaches in the south or north in
30 minutes. 2. St Emilion, France.
St Emilion is a stunning medieval village surrounded by some of the most highly regarded
vineyards in the world. The picturesque town is a UNESCO World Heritage Site, and boasts
charming cobbled streets and bucolic views. Along with excellent access (Bordeaux airport
is 45 minutes away and the TGV rail service at Libourne is 15 minutes), St Emilion has
incredible restaurant choices and some of the best croissants you will ever buy. The
beach is 90 minutes to the west and, if you’re here at the right time of year, the ski slopes
are two hours to the south, offering a varied lifestyle choice. In the local area, there’s
also bicycle tours, wine tours, walking tours, subterranean cave tours, cultural music events,
jazz festivals – offering the very best of the south of France. Real estate has remained
one of the most affordable asset in St Emilion. If you are looking forward to own a property
in France, St Emilion is definitely your dream destination. From cheap houses to beautiful
scenery, this city has got you covered. 1.Limassol, Cyprus.
Cyprus is reachable in a little over four hours from either London, Moscow or Dubai.
Along with easy access, its obvious appeal lies in the fact that it’s known as Europe’s
sunniest island. Matea Leko, Marketing and Sales Director from Londa Residences says:
‘Offering the biggest port on the island, Limassol is a buzzing destination offering
the best of cosmopolitan lifestyle mixed with a rich history and old world charm, with a
vibrant centre including restaurants, bars, boutiques and the acclaimed Limassol Marina.
With a dedicated cohort of discerning guests returning year after year, seduced by Limassol’s
coastline location and boutique offering, it’s no wonder there is high demand for
properties in the area. With this high demand for properties, you might think that it is
going to be expensive to own a property in Limassol. Property here is very cheap, actually
the cheapest in Europe. So, l guess in the quest to acquire property at cheap rates in
Europe, Limassol should definitely be your choice location.
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