Investing in residential and commercial buildings is one of the options for a profitable investment, and many people acquire apartments and houses in the city for this purpose. But not everyone knows that the sale of real estate in Europe opens up broader prospects for the preservation and multiplication of funds. You can buy a house or rent it, or you can at once use both options. Regardless of the purpose, most potential buyers want to choose offers at the lowest prices. And such properties really are – you just need to know where to look for them.
Russians take the decision to buy property in European countries for various reasons. The most popular factor is the policy of the country, due to which 76% of the buyers want to leave its borders or have an option to go where they can go. The next factor is to live in a milder and warmer climate. About 64% of buyers “are ill” with such an idea. In this case, more than half of them invest money, and the remaining part purchases houses and apartments for summer vacations. Approximately 31% of the buyers decided to choose housing in Europe for family reasons (education, treatment), and 23% thus start a business.
To buy cheap real estate in Europe, you need to understand pricing a little. The cost of 1 m2 here depends on the foreign policy of the selected country and its level of economic development, on the safety of living and prospects in the development of the state, on geographical and climatic features, the shortage or excess of territories, the ecological situation. These are only the main factors, depending on which prices change.
The most popular countries
The most popular countries among Russians are Bulgaria, Italy, Turkey, and Spain. Bulgaria is the leader among the rest – it is here that the cheapest real estate in Europe is offered: the price of houses in the province, not too close to the sea, is several times less than the cost of housing in Russia. Such offers will interest those who want to move and live peacefully away from the noise of megalopolises and resorts. The best option is Burgas. This is a clean and beautiful city with lots of attractions and access to the sea.
The other options (Spain, Turkey, Italy) are more suitable for the middle class of Russians. Although there are options when housing is sold cheaply, which is seized by the bank, or apartments, in the repair of which you need to invest.
You can learn more about the nuances of purchasing housing abroad from RPI SOLUTIONS consultants.