A map created by the “Propertyunder20k” website shows all the countries in the world where homes are available at less than 20,000 euros (less than 23.000 USD). Among these, over 1,300 are in Europe. So, how do things stand in the rest of the world?
Countries and cities where HOMES are CHEAPER
# From Turkey to Greece: the nations with the most affordable homes
The countries boasting the highest number of cheap houses in the world include Turkey with 777 houses at less than 20,000 euros, Bulgaria with 572, Serbia with 303 and Poland with 300. Among these, Krakow is one of the least expensive in the world. Portugal and Greece are among those countries where prices are respectively 9% lower than they were in 2001. For example, in Greece, prices are now 44% lower than they were before 2008.
#1 In Bulgaria prices start at roughly 10.000 euro
Bulgaria is among those countries that boast the lowest prices ever. The cost of a house starts from around 10,000 euros (approximately $ 8,750). Its mild climate, especially in summer, and its proximity to Greece and Turkey, makes this Eastern European country one of the world’s most popular destinations.
#2 In Albania you can find apartments costing as little as 30,000 euros
Based on online research, in Albania, buyers can purchase apartments located
inside a resort at a starting price of around 30,000 (approximately $ 26.250)..
Conversely, properties housed in recently built complexes often go for around
40,000 euros (approximately $ 35.000).
#3 A 3-room unit in Hungary will cost you about 50,000 euros
In Budapest, a three-room apartment in good condition is available, on average, at a price of 50-60,000 euros (43- 52,000 USD). Compared to previous years, houses have lost 10-15% of their original values. Housing for those who prefer to rent is also extremely affordable. Rent for an apartment fluctuates between 200 and 400 euros per month.
#4 A villa in Brazil’s “Little Rio” only costs around 50,000 euros
Those who love South America should head to Brazil’s Vila Vehla. This charming town, lying north of Rio de Janeiro, is aptly named ‘Little Rio’. A must-visit destination surrounded by tropical forests and lush mountains, where a beachside property will only set you back $50,000.
#5 In Thailand, houses start from 1,000 euros per square meter
Thailand’s low cost of living and affordable prices attract scores of young people and retirees. In Pattaya and Phuket, prices start from around 1,000-1,500 euros per m². Other appealing factors include the high profits (about 8%) that can be earned by renting out the apartments.
#6 In Morocco, a property in a high-end district does not exceed 2,000 euros per square meter
In Casablanca, Morocco, buyers can purchase a home in one of the city’s top districts without forking out more than 2,000 euros per m².
#7 The “1 euro houses” project in Italy
Although Italy is home to some of the most expensive cities in the world, you can find numerous small towns, especially in southern Italy, that have launched a campaign titled “Buy a house with 1 euro”. Among these, highlights include Sicily, Sardinia, Calabria, Puglia and Campania, but also Lazio, Abruzzo and the Marche. Italy offers myriad regions where you can find some of the least expensive houses in Italy.
LAURA LIONTI
(Original article by Fabio Marcomin)
