Real estate acquisition has always been one of the safest and best ways to ensure long-term profit. And buying real estate abroad gives you another level of security and diversification of investments, even if the gloomy forecasts about the Russian economy come true.
Introducing Top 10 countries with the most affordable real estate. As an added benefit, some of the countries on the list are fast-growing real estate markets, which means that buying a house now can be a very profitable investment in the future.
We chose more or less prosperous countries with affordable housing. It is clear that in the least developed countries there are mere pennies at home, but to go there for permanent residence is life-threatening.
10. Ecuador
The country can offer you a lot of undeveloped real estate on the coast, for example in the city of Salinas. This is one of the most developed places in terms of infrastructure in Ecuador. The city is convenient because it has its own airport.
Loja is your chance to live in real Ecuador. Located high in the Andes, Loja is rarely visited by tourists, and very few expats prefer to live here. A four-bedroom home in the exclusive Loja district will cost you around $ 115,000
Cuenca is another cheap real estate destination in Ecuador. It is a city of about 700,000 people located in the southern Andes. Most of the architecture in it belongs to the Spanish-colonial style, but despite the old-fashioned look of the houses, Cuenca keeps up to date and boasts fast internet and safe drinking water.
9. Thailand
One of the most popular tourist destinations in the world is also famous as a paradise for downshifting. A wonderful climate, delicious food, polite locals, measured life - all this contributes to the popularity of Thailand as a place where you can and should buy real estate.
The disadvantage in Thailand is that there are restrictions on the ownership of free-standing real estate. Simply put, foreigners cannot own land; this is only allowed to citizens of the Kingdom or a Thai company. However, land can be taken on long-term lease (up to 30 years).
Foreigners are also allowed to purchase apartments in unconditional possession, but not more than 49% of the total area of the condominium. For this reason, the majority of foreign investors are concentrated in the condominium market.
The cost of such a condominium in Pattaya is about 1.3 million baht or 2.6 million rubles.
8. Brazil
If you like the idea of living on a tropical island, but the price is frightening, then pay attention to the Brazilian island of Itamaraka. It offers sandy beaches and clear turquoise water. The island is about an hour's drive from the nearest airport, and the path to it lies through the jungle and mangrove swamps.
Apartments on the coast are available from $ 50,000, and real estate in the depths of Itamaraki is even cheaper.
Another city in Brazil where you can buy property on the coast for $ 50,000 is Vila Velha, also known as Little Rio. This is a beach town north of Rio de Janeiro, surrounded by tropical forests and mountains with green peaks.
7. Colombia
Housing prices in Bogota and Cartagena are high, but in other areas of Colombia you can easily find inexpensive real estate. For example, in Kali, the third most populated city in the country, also known as the capital of Salsa.
One of the reasons for the low cost of local housing is the undeserved reputation of the city as a criminal. Although some areas are really best avoided, most of the city is safe. In fact, Kali suffers from the same problems as many major cities in the world.
And the city of Santa Marta proves that Colombia can offer profitable real estate even on the Caribbean coast. While most tourists travel to Cartagena, Santa Marta is a short way along the coast, offering everything that is in Cartagena, but at a much lower price.
6. Mexico
This country is ideal for those who like fresh air and breathtaking mountain views.
One of the cities with the cheapest real estate in Mexico is Alamos, whose history goes back to the end of the 17th century. It is located in the foothills of the Western Sierra Madre and has retained most of its ancient charm, including stately mansions and cobblestone streets. Homes are sold for just $ 35,000.
Jalapa Enriques is another city where you can buy property for less than $ 40,000. This small town in the state of Veracruz and earned the nickname "flower garden of Mexico" for a large number of flowers grown. The main article of the local economy is the service of tourists. Therefore, there are many excellent restaurants and shops.
5. Dominican Republic
Currently, the country is experiencing a period of growth and foreign investors are actively investing in it. And tourism performance also continues to be impressive. In 2017, the Dominican Republic saw more than 6.2 million tourists, which is 3.9% more than 5.9 million people in 2016.
This means that buying a house with its subsequent lease to tourists can be a very profitable investment. Real estate prices in the Dominican Republic are relatively low. For 50 thousand dollars in popular resorts (Sosua, Cabarete or Bavaro) you can find a small apartment located 5-10 minutes from the beach. The law allows foreign buyers to purchase any property in the country, including land.
4. Italy
Italy may seem like a strange choice for this collection, but outside the large cities there are plenty of cheap real estate.
The mayor of the town of Ollolai on the island of Sardinia offers 200 houses for the price of 1 euro. The reason for this attractive deal is that young people left the city in search of work, and without an influx of new people, Allolai will die.
Of course, there is a catch: buyers must restore homes for at least $ 25,000. These investments must be made within three years, and houses cannot be sold within five years.
The next region of Italy, leading in the number of cheap real estate - Abruzzo. This area, located east of Rome on the Adriatic coast, is one of the greenest places in the country. It contains everything you expect from Italy: delicious food and wine, hot summers and ancient architecture. But Abruzzo has other charms, such as the snowy mountains, where you can ski in winter.
If you want to live a quiet life in a remote village, you can find homes worth less than $ 50,000.
3. Montenegro
Now that Montenegro is on its way to EU membership and gaining a growing status on the world stage, local real estate has skyrocketed in value. Despite this, Montenegro still remains in the top ten countries with the most inexpensive real estate in the world.
A three-room apartment in the suburbs of the spa town of Budva can be bought for 60 thousand dollars. An apartment is easier to cost 20 thousand dollars.
The country has low taxes, and immigrants receive a social package, which includes services such as the right to free medical care, school attendance and kindergarten for children.
2. Greece
Regardless of debt problems and the country's proximity to default, Greece remains the place where many of us want to enjoy life and make the most of the country's growing tourist income by renting out real estate.
One of the places to buy Greek real estate is the island of Crete - mainly because of the large number of available facilities compared to other smaller islands, the greater availability of flights and developed infrastructure. Two-room apartments can be purchased for 45-50 thousand dollars.
1. Paraguay
This exotic country is not very popular with tourists. It has no access to the sea, but it has beautiful colonial architecture, the largest dam in the world and unique nature - from arid areas to lush tropical vegetation and beautiful waterfalls. Paraguay is called the "empty corner of South America" for its low population.
The average price per square meter of an apartment located in the capital of the country - Asuncion - it is 250-300 dollars. An ideal place for those who want to live a quiet life, perfecting their Spanish and drinking local rum or chacha made from sugar cane and honey.
