So let’s see where it is convenient to buy a house abroad at very attractive prices?
Why do you buy a house abroad
The reasons behind such a long-term investment can be the most varied.
The purchase can be finalized for the first person occupation of the property, perhaps together with one’s family. Think of those looking for a holiday home to occupy for a few weeks a year and then rent it for the rest of the time. Or to those who have the possibility to carry out their work remotely or to the professional who goes to work outside the homeland for a while.
In all these cases, usually the parameters on which the choice is set are those related to the price and quality of the area / district of reference.
Other times the purchase can be directed to family members, as in the case of the child who goes to study abroad. Here, in reality, the initial investment already points to the possible resale or future rental. Therefore, the strategic nature of the area in which the apartment is located is studied more, in addition to its growth potential.
Finally, those looking for a second home as an investment study more the dynamics of the demand for homes in that specific city. The price factor in these cases becomes almost secondary. If the area is growing, in fact, you can pay for an apartment even 100 instead of 50, if you then trust to sell it for 150.
Let’s proceed to see where it is convenient to buy a house abroad at very attractive prices
Given the complexity of the reasons for those looking for a home abroad, it is impossible to give rules of absolute validity for everyone.
However, it is undeniable that the most used parameter is that linked to price. In this case, the geographic areas that offer greater advantages refer in particular to Portugal and Eastern Europe. This is the case, for example, of countries such as Bulgaria, Hungary, the Czech Republic.
In Lisbon, 1 sqm of an apartment costs an average of 5 thousand euros. In practice, the same average prices as in Prague, while in Budapest it drops to just under 4,000 euros, again per square meter.
The scenarios that arose in the last few quarters
However, for those looking for good opportunities a stone’s throw from the sea, here are the “last minute” opportunities that arose from the ashes of the Covid crisis. This time the reference is to the coastal areas of Spain. In the Iberian country, property prices fell by about 5% on average in 2020.
But the housing market in the two symbol cities par excellence is still expensive. Basically we are talking about almost 5 thousand euros per square meter for Barcelona and 6,500 for the capital.
Alternatively, you can think of Greece: home, sea and smart working in an unparalleled unicum. In this case, among the pros, there is to add that the Greek government has launched a package of stimuli for those who decide to move to its territory.
Let’s proceed in trying to understand where it is convenient to buy a house abroad at very attractive prices. Some destinations lost their luster and appeal just as the new year began. The London case is emblematic, where Brexit resulted in a collapse in the demand for investment houses.
For experts in the sector, the rest of the English country will benefit above all from this, where the demand for houses is on the rise. Moreover, buying a house in the shadow of the Thames costs an arm and a leg: average prices speak of about 15 thousand euros per square meter!
Finally we come to the country led by Angela Merkel. In this case, his government’s measure aimed at cooling rental prices has likewise dampened the appeal and interests of the market. Considering the high average prices of the German pivotal cities (no less than 5 thousand euros / sqm), many investors are reconsidering other target markets.
Here is therefore illustrated where it is convenient to buy a house abroad at very attractive prices.
Buying a house to rent it, here are the things to know
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